Cement News tagged under: Cementos Portland Valderrivas
Cementos Portland Valderrivas forecasts profit upturn in 201322 May 2012, Published under Cement NewsCementos Portland Valderrivas of Spain expects to swing to profit in 2013 thanks to the Plan NewVal launched this year, new chairman and CEO, Juan Bejar, said on Friday. EBITDA are seen to reach EUR 200m next year. Plan NewVal 2012-2013 is focused on costs reduction and new sources of revenue. Abstracted from an original article in Cinco Dias. |
Cementos Portland to ask permission for capital hike, Spain17 April 2012, Published under Cement NewsSpanish cement producer Cementos Portland Valderrivas will request its shareholders permission to launch a capital increase over the next five years. With the move, the company is seeking to reinforce its balance sheet in case it fails to wrap up the sale of US unit Giant. The company's shareholders will hold a general meeting on May 18. Abstracted from an original article in Cinco Dias |
FCC to delay Giant Cement sale, USA26 March 2012, Published under Cement NewsFCC is to delay the planned sale of its US-based Giant Cement Holding division while the Spanish construction major focuses on debt refinancing of Cements Portland Valderivvas, Dow Jones reports. FCC owns nearly 70 per cent of Cements Portland, which in turn owns Giant Cement. FCC had previously said it planned to sell Giant by the end of the first quarter but has now changed the timeline, FCC chairman and CEO Baldomero Falcones Jacquotot told Dow Jones in an interview, stating that FCC i... |
Cementos Portland reports 2011 loss, Spain27 February 2012, Published under Cement NewsCementos Portland Valderrivas of Spain reported a loss of EUR327.5m for 2011 against a profit of EUR1.2m registered in 2010, local press reported. The result was explained by the company’s need to allocate EUR337m to the reinforcement of its balance sheet, Expansión reported. Excluding this effect, the loss would have come in at EUR16m. Revenues were down by 19.2 per cent YoY to EUR609m, while EBITDA amounted to EUR150.1m, down 30.8 per cent. Cementos Portland plans to boost EBITDA ... |
Cementos Portland Valderrivas appoints new executive chairman17 February 2012, Published under Cement NewsThe Board of Directors of Cementos Portland Valderrivas, Spain’s largest cement producer, has approved the appointment of Juan Béjar Ochoa as executive chairman of the group. Mr Béjar will continue as executive chairman of Globalvia, a 50:50 joint venture between Bankia and FCC. Previously, he was chairman of Citigroup Infrastructure Management, Citigroup's subsidiary responsible for infrastructure asset management, where he raised US$3.4bn for investment in the sector and the subsequent ma... |
Cementos Portland announces two board members, Spain13 January 2012, Published under Cement NewsSpanish cement producer Cementos Portland Valderrivas has approved the nominations of Juan Bejar and Jose Manuel Burgos as board members. They will replace Rafael Martinez-Ynzenga Canovas del Castillo and Feliciano Fuster. Juan Bejar currently occupies the post of executive chairman at domestic motorway operator Globalvia. Jose Manuel Burgos, in turn, is a vice-chairman at real estate firm GMP. |