Spanish Cementos Rezola

Spanish Cementos Rezola
Published: 11 June 2004

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 107.9 mln euro ($130 mln) for 2003, it was reported on June 10, 2004.  The turnover of the two companies, based in the Basque region, northern Spain, accounted for 37 pct of FyM’s consolidated sales.

Cementos Rezola, which runs two cement factories in the region, in Arrigorriaga and Anorga, posted a turnover of 77.5 mln euro ($93.4 mln), while Hormigones y Minas, which owns three quarries and 10 concrete plants in the region, posted a turnover of 30.4 mln euro ($36.6 mln). The two companies employ 900 in the Basque region.