Cementos Molins net profit increase, Spain

Cementos Molins net profit increase, Spain
Published: 30 June 2006

Spain’s Cementos Molins plans to increase to EUR100m its net profit in 2006, compared to EUR84.1m registered in 2005. 
 
EBITDA is seen at EUR220m, up from EUR181m. Sales are expected to rise to EUR700m from EUR594m. 
 
The company says it plans to invest EUR120m to build a plant in Sant Vicenc dels Horts near Barcelona, northeastern Spain. The new plant is expected to start operations in 2008 and will replace the two Cementos Molins kilns in the same area. The company will also spend EUR6-8m on a plant in Madrid for its subsidiary Propamsa.