Cementos Portland plans investments 2005-2007

Cementos Portland plans  investments 2005-2007
Published: 31 May 2005

Spanish cement maker Cementos Portland Valderribas SA (Cementos Portland) plans to invest Euro 450m between 2005 and 2007, the company’s CEO, Jose Ignacio Martinez-Ynzenga, said on May 26, 2005.  Of the total investments, 30 per cent will be allocated to environmental preservation.  Martinez-Ynzenga addressed the general shareholders’ meeting of the company which posted a 17.1 per cent year-on-year rise in sales between January and May 2005, he added.  Spanish construction and services group Fomento de Construcciones y Contratas SA (FCC) holds a majority stake in Cementos Portland.