São Paulo-based private conglomerate Votorantim, formerly known as Votorantim Industrial, is one of the largest business groups in Brazil, present in 23 countries with a diversified geographic and business portfolio in strategic sectors of the economy - cement, mining and metallurgy, steel, energy, pulp, orange juice and financial institutions.
Votorantim employs over 44,000 people worldwide, the majority of them working in Brazil. Together, the eight-investee companies - Votorantim Cimentos, Votorantim Metais, Votorantim Siderurgia, Votorantim Energia, Fibria, Citrosuco, CBA (Companhia Brasileira de Alumínio) and Banco Votorantim - are part of a business group that has more than 560 operational and administrative units on five continents.
Last year, the conglomerate posted a net loss of 1.25bn reais (US$393mn), compared with a 382mn-real profit in 2015. Net revenue was down 9% to 26.7bn reais, the company said.
Votorantim said the loss was mainly due to the temporary suspension of nickel operations and the classification of Brazilian long steel assets as available for sale, which resulted in an investment impairment of 1.8bn reais.
The conglomerate has about 15bn-reais in debt.
Project Risk Analytics
Tracking project performance
By providing a top-down analysis of the timeliness and costs of current Latin American projects, BNamericas provides a new tool to the industry, allowing it to learn from past events and improve planning for future projects.
- Analytics report analyzing key statistics
- Consider the risks of changes in project schedules
- Instant view of project status
- Benchmark your portfolios and new projects