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News Votorantim Cimentos announces US$1bn Brazilian CAPEX plan up to 2028

Votorantim Cimentos announces US$1bn Brazilian CAPEX plan up to 2028

Written by Global Cement staff 25 January 2024
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Brazil: Votorantim Cimentos plans to invest US$1bn in expanding its Brazilian operations in the period up to the end of 2028. US$304m-worth of the investments are already underway at the start of 2024. Reuters has reported that the investments include cement plant projects to raise Votorantim Cimentos’ Brazilian cement production capacity by 8.8% to 37Mt/yr. These include a US$162m investment in a 20% capacity expansion to its Votorantim cement plant and a US$60.8m, 1Mt/yr expansion to its Salto de Pirapora plant. Further aims are to ensure structural competitiveness, raise energy efficiency and digitise operations, including applying artificial intelligence (AI) to freight. The producer expects its earnings before interest, taxation, depreciation, and amortization (EBITDA) to eventually rise by US$263/yr between 2023 and 2028 as a result.

Last modified on 31 January 2024
Published in Global Cement News
Tagged under
  • Votorantim Cimentos
  • Brazil
  • capital expenditure
  • Capacity
  • growth
  • Investment
  • Strategy
  • Plant
  • Expansion
  • AI
  • Industry 40
  • logistics
  • digitisation
  • efficiency
  • earnings before interest and taxation
  • Outlook
  • GCW644
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