Cemex has been forced to suspend production at its Villanueva y Geltrú plant in Spain’s Barcelona due to the slump in demand, paper El Semanario reported.
The firm will convert the plant into a distribution center and concentrate production in its other Spanish plants, Spanish paper El País reported.
When cement sales first dropped in Spain, companies such as Cemex and Holcim had to adapt their structures to the new market scenario. This will imply partial or total closure of production plants, the report said.
At the end of last year, Cemex announced the sale of its operations in the Canary Islands for EUR162m (US$211mn).
Cemex has had subsidiaries in Spain since 1992 and is one of the main cement companies in the country with annual production of 13.8Mt.