Cement News tagged under: Cementos Molins
Spain: Cementos Molins 2015 profit up 65% YoY01 March 2016, Published under Cement NewsCementos 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 cem... |
Spain: Cementos Molins 9M net profit rises 38%06 November 2015, Published under Cement NewsSpain's Cementos Molins registered a net profit of EUR41.9m in the first nine months of the year, up 37.6 per cent YoY, according to the company. Total sales reached EUR473m, an increase of nearly 22 per cent YoY while operating profit reached EUR19.07m, advancing 1.9 per cent when compared with a year ago. The “negative result” for Spain was more than offset by its operations abroad, which contributed EUR51m. While Cementos noted improved results in the 3Q15 due to a pick-up in the d... |
Cementos Molins to enter Colombian market01 October 2015, Published under Cement NewsCementos Molins has signed an agreement to enter the Colombian cement market with local home and construction specialist Corona. The Spanish cement producer plans to build a EUR335m cement works in Antioquia. The plant will have a capacity of 1.35Mta and is scheduled to come online in mid-2018. The production facility will provide 220 direct and 250 indirect jobs during operation and an average of 800 jobs during the construction phase, according to local press reports. |
New order for Loesche cement mill in Mexico26 June 2015, Published under Cement NewsCementos Moctezuma has selected Loesche’s LM 53.3+3 C cement mill, including COPE gearbox, to increase production capacity at its plant in Apazapan, Mexico. Loesche LM 53.3+3 C The VRM mill will be used to produce 205tph CPC 30 cement at 4000 Blaine as well as 95tph CPC 40 cement, also at 3700 Blaine. The scope of supply also includes a Loesche Dynamic Classifier as well as the COPE gearbox, including gearbox drive motors develop in cooperation with RENK AG. The COPE gearbox... |
Molins sees net 1Q15 profit up 132%14 May 2015, Published under Cement NewsSpanish cement producer Cementos Molins reported a net profit of EUR15.1m in 1Q15, up 132 per cent YoY from EUR6.5m in 1Q14. Although domestic sales improved by 7.1 per cent, the company said the advance was “insufficient”. EBITDA reached EUR2.1m, but net profit remained in the red. Its Mexican subsidiary Corporación Moctezuma posted a 37.3 per cent rise in sales while Argentina’s Cementos Avellaneda saw revenues increase by 51.1 per cent. In Uruguay, Cementos Artigos saw a 34.3 per cent i... |
Molins and Votorantim to control Bolivia's Itacamba01 August 2014, Published under Cement NewsCementos Molins of Spain plans the acquisition of a majority stake in Bolivia's Cementos Itacamba. The purchase is expected to take place via Spain-based Yacuces, a joint venture with Brazil-based Votorantim Cimentos, which is also its associate in Argentina (Cementos Avellaneda) and Uruguay (Cementos Artigas). The first step will be an agreement to buy 66.7 per cent of Itacamba Cementos, which currently runs a cement mill in Germán Busch province. Yacuces has agreed to pay US$18.6m for t... |
Molins more than doubles first-half profit30 July 2014, Published under Cement NewsCementos Molins recorded a profit of EUR17.9m in the first half of 2014, effectively more than doubling its 1H13 figure, on the back of its international business, said the company. The cement company increased its overseas profit by 2.9 per cent to EUR31.6m, but its Spanish subsidiaries recorded a EUR13.6m loss, 39 per cent below the 1H13 level. In the first six months of 2014, consolidated turnover fell 6.7 per cent to EUR248m. In Spain, revenues increased 10.7 per cent due to improved... |
Cementos Molins expects return to profit23 June 2014, Published under Cement NewsCementos Molins expects to be back in the black in Spain thanks to the deceleration of the market slowdown in the country and the development of its business in Mexico. Full-year profits in 2014 are expected to reach EUR30m, according to the company’s CEO, Juan Molins. Last year, the company’s profit were EUR10m, 77 per cent less than the year prior, mainly due to positive figures returned by its foreign operations, which offset losses in Spain. Cementos Molins had an operating profit of ... |
Cementos Molins posts 1Q14 net profit of EUR6.5m21 May 2014, Published under Cement NewsSpain-based Cementos Molins released its first-quarter 2014 results, showing a net consolidated profit of EUR6.5m, up 37 per cent when compared to 1Q13. The group’s domestic companies saw a loss of EUR7.4m although they ‘improved’ their YoY results by increasing clinker exports and implementing cost-cutting measures, helping to mitigate the effect of lower sales in Spain. Cementos Molins’ overseas subsidiaries posted a net profit of EUR14m on the back of increased sales by Corporación M... |
Mexico and Argentina impact 2013 Molins results03 March 2014, Published under Cement NewsThe market contraction in Mexico and a devaluation of the Argentine peso impacted the annual results of Cementos Molins. The Spanish company saw profit fall by 77 per cent to EUR10.1m although this is not comparable with the EUR20m of the previous year as the cement producer sold its stake in Cementos Artigas of Uruguay. Consolidated turnover noted a 9.4 per cent drop to EUR832m. Foreign companies accounted for 80 per cent of Cementos Molins consolidated profits. The Mexican and Argenti... |