In 2022, we faced significant socioeconomic challenges worldwide, resulting from the COVID-19 pandemic and the Russia-Ukraine war. In addition to the human impact, the conflict affected supply chains, sent energy and fuel prices soaring, and shook the global financial market, with a sharp rise in inflation. Despite this environment, we maintained the necessary strength, in line with our principle of “flexible solidity“, and operated with excellence, safety, ethics and integrity, adapting to the increasingly accelerating changes and challenges around the world.
Aligned with the Growth and Positioning pillar of our strategy, we continued to strengthen our presence in mature markets. We advanced the integration of the businesses added to our portfolio in 2021 (McInnis Cement, in Canada; Cementos Balboa, in Spain; and Superior Materials and Valley View, in the United States) and received approval from local authorities to conclude the purchase of some of the operations of Heidelberg Materials. The site in Málaga is among the most modern and sustainable plants in Spain. The incorporation of this asset will certainly enable significant gains for our ESG agenda.
We are a vertically integrated company, and we believe that business transformation drives solid results. Therefore, we continued to grow our adjacent businesses.
We launched new types of mortars, expanded our aggregate sites and grew in the concrete market (with Engemix), in the waste management segment (with Verdera) and in the aglime business (with Viter). Aligned with this strategy, in 2022, we launched Motz, our carrier company that will connect paths and locations across Brazil through a digital platform.
As part of the evolution of our organizational culture, we launched a new corporate branding that reflects our Way of Being, Working and Thriving and is also aligned with the Sustainability pillar of our strategy and our 2030 ESG Commitments. Our “V“ now has a new shape, and our global branding is more modern and contemporary; it symbolizes the diversity of our people, products and businesses, and honors the company’s 86-year legacy by combining tradition, innovation and our vision of the future.
Reinforcing our 2030 Commitments, through which we have established sustainability goals and targets to be achieved by the end of this decade, we approved the creation of a Sustainability and Innovation Commitee in 2022. The new committee will come into effect in 2023, replacing the Decarbonization and ESG working group, and will support us in the evolution of environmental, social and governance issues.
We are ready to transform our business and adapt to new needs, while honoring our past, living in the present and focusing on the future we want to create. The journey will always be long and challenging, but we believe we are on the right track and will continue to pursue lasting results and create a positive legacy for society.
Board of Directors