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Votorantim Cimentos reports 2020 sales and earnings growth

Votorantim Cimentos reports 2020 sales and earnings growth
Written by Global Cement staff
14 April 2021
Brazil: Votorantim Cimentos’ consolidated net sales were US$6.41bn in 2020, up by 19% year-on-year from US$5.41bn in 2019. Its adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) also rose, by 35% to US$1.21bn from US$899m. The group attributed the growth to increased cement volumes sold in Brazil, Canada and the US. Total global cement sales increased by 8% to 32.4Mt. Net revenue grew in all regions, but the sharpest growth was reported in North America at 43% to US$945m.
Chief financial officer Osvaldo Ayres Filho said, “The past year has been extremely challenging due to the pandemic and its impacts across the planet. We have implemented a contingency plan to protect people s lives and preserve operations. This allowed us to respond with agility both in Brazil and in the ....

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Summit to set out a framework of commitments on sustainable food

Summit to set out a framework of commitments on sustainable food 2021-04-14 ....

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Cummins Progressing on New Fuel Cell Assembly Facility in Ge

Cummins is getting closer to the opening a new plant in Herten, Germany, this year that will initially focus on the assembly of fuel cell systems for a low-carbon economy.
The facility will eventually expand to also support fuel cell stack refurbishment and includes space for research and development.
The plant will “better position us to provide critical support to customers in Europe and strategically strengthen our position to be a leader in tomorrow’s hydrogen economy,” said Amy Davis, President of the New Power business segment at Cummins, which is leading the company’s efforts in battery electric and fuel cell electric power systems. ....

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Ascendas India Trust Obtains Maiden S$100 Mn Sustainability Linked Fund from UOB

By
siliconindia | Wednesday, 14 April 2021, 09:53 Hrs
Ascendas Property Fund Trustee, a Trustee-Manager of Ascendas India Trust has announced that it has successfully secured a five-year S$100 million unsecured sustainability-linked loan facility from UOB.
Sanjeev Dasgupta, Chief Executive Officer says, “a-iTrust considers sustainability as a key driver of its value creation strategy. This is implemented through various initiatives towards the environmental and social well-being of the communities where it operates. Securing the Trust’s maiden sustainability-linked loan facility is testament to the Trust’s effort in minimising its environmental footprint. The Trust is committed to continuously increase the proportion of its properties which are certified “Gold” or “Platinum”, amidst the Trust’s plans to grow its portfolio. In doing so, it is also able to achieve a lower cost of borrowing for the Trust. This ....

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Council seeking consultation on Revenue and Rating Plan 2021-2025

Date Time
Council seeking consultation on Revenue and Rating Plan 2021-2025
Greater Shepparton City Council is seeking input and feedback from our community on the 2021-2025 Revenue and Rating Plan. Greater Shepparton community members can provide their thoughts on how rate revenue can be distributed in the fairest and most equitable way across properties within the municipality, and how fees and charges can be determined.
The services and infrastructure that Council provides to its communities and businesses are essential to development, growth, sustainability and future of our region, and rates provide a significant source of funding to enable continued growth within the municipality. ....

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