Votorantim explores US listing for cement division

St Marys Charlevoix Michigan 1

Votorantim plans to list its US cement division on the New York Stock Exchange. Votorantim Cimentos operates in 11 countries. With a production capacity of 57.3 Mta it ranks as the seventh-largest cement producer globally, excl. China. 8.2 Mta of the capacity are in the USA (Photo: subsidiary St. Marys Cement in Michigan) and Canada. The company’s potential Initial Public Offering (IPO) could provide fresh capital for growth and modernization efforts and could fund the transition to greener production methods. This aligns with global efforts to reduce the construction sector’s carbon footprint. However, the IPO discussions are still in early stages.