Spanish cement producer Cementos Rezola and concrete producer Hormigones y Minas, part of Spanish cement group Financiera y Minera (FyM), owned by Italian cement group Italcementi, posted a combined turnover of EUR102.8m for 2004.
The turnover of the two companies, based in the Basque region, northern Spain, accounted for 35.5% of FyM’s consolidated sales.
Cementos Rezola, which runs two cement factories in the region, in Arrigorriaga and Anorga, posted a turnover of EUR76.6m (US$92.7m), while Hormigones y Minas, which owns three quarries and seven concrete plants in the region, posted a turnover of EUR26.6m. The two companies employ more than 900 in the Basque region.
Cementos Rezola reached a production of 1.27Mt of cement, while Hormigones y Minas made 1.48Mt of aggregates and 310,000m3 of concrete.