Spain Andalusia cement sector attracts EUR300m investments

Spain Andalusia cement sector attracts EUR300m investments
Published: 07 March 2008

The cement sector in Spain’s southern Andalusia region attracted investments of a total EUR300m in the past three years, according to data of the regional cement and environment foundation FLACEMA published on March 6, 2008.  
A total 55 per cent of the sum was allocated to environmental initiatives.  
Spain’s whole construction sector is facing a slowdown and cement producers have to make further efforts in order to keep their productivity, president of FLACEMA, Manuel Parejo said. Companies make more investments to guarantee the sustainable development and economic prosperity of the Andalusia region, he added. FLACEMA’s members, such as Financiera y Minera (FyM),  Holcim, Cimpor and Cementos Portland Valderrivas, also bet on environmental investments.  
Financiera y Minera for example is carrying out a 100 mln euro ($153.3 mln) investment, aimed at making structural changes in its plant in the Malaga province. 
Cimpor, in turn, has already exceeded 40 mln euro ($61.3 mln) investments in its plants in Cordoba and Niebla.