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InterCement may sell Brazilian business

Holcim completes sale of Brazilian assets to CSN

CSN Cimento is closing in on Brazilian plant acquisition 10 June 2021 Brazilian steelmaker CSN is in talks to acquire Cimento Elizabeth for roughly US$250m, the Valor Economico newspaper reports. CSN confirmed the negotiations, without disclosing further detail, according to Reuters.  CSN Cimento operates one integrated plant and one grinding unit in Brazil with a total cement capacity of 4.4Mta. The company is also planning a new 3Mta integrated works in Paraná.  The Cimento Elizabeth unit is a 1.1Mta integrated cement facility in Alhandra, Paraíba, Brazil. Published unde...

CSN requests IPO for cement division 20 May 2021 After the recent IPO of its mining arm, Brazilian steelmaker CSN is now looking to list shares of its cement division. The company requested authorisation from securities regulator CVM for the IPO of CSN Cimentos, although it did not provide further details.  Cement sales in Brazil increased 20.8 per cent in the first four months of the year to 20.5Mt, according to preliminary figures from industry association SNIC. "The consumption of cement by infrastructure projects is medium and long term. The impact of these concessions o...