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.
