The Votorantim Group is celebrating its centenary this year. The Latin American-based conglomerate was founded on 9 January 1918 in Brazil and is now active in 24 countries.
The company originally started out as a textile factory outside São Paulo, before moving into the cement industry with the construction of its first cement factory in 1933.
By 1977, the company had a 37% share in Brazil’s cement market. Since 2000 Votorantim has expanded across South America and into North America, Asia and Africa and is now one of Latin America’s largest industrial conglomerates, while maintaining a strong interest in cement, concrete and aggregates.
Read the article online at: https://www.worldcement.com/the-americas/10082018/votorantim-group-celebrating-centenary/
Over the coming weeks, World Cement will be hosting a series of technical webinar presentations from KHD! Each presentation will be led by industry experts and provide a detailed discussion of KHD’s product offerings to the cement industry.
The company has announced that its Board of Directors approved a 4% increase in its quarterly cash dividend, raising it from US$0.55 per share to US$0.57 per share on the company’s outstanding common stock.