Spain: Cementos Molins 2015 profit up 65% YoY

Cementos Molins posted a consolidated net profit of EUR50.8m in 2015, representing a 65 per cent rise YoY. The Spanish cement producer’s overseas companies saw profits rise by 9.3 per cent to EUR64m while the domestic arm continued to note net losses despite a 52.6 per cent YoY improvement.

Cementos Molins is currently investing in production units in Mexico, Bolivia and Colombia.It is building a new production line in its Apazapan works in Mexico while in Bolivia the construction of a cement works is underway. Both projects are expected to be completed at the end of this year while a new cement plant in Colombia is scheduled to become operational in 2018.