Cementos Molins buys Cemex’ Sant Feliu works

Cementos Molins buys Cemex’ Sant Feliu works
18 June 2013

Cementos Molins has reached an agreement with Cemex to buy the latter’s Sant Feliu de Llobregat cement plant near Barcelona. 

The Sant Feliu works has been out of action for months due to the downturn in the Spanish cement market. However, for now, Cementos Molins does not expect the reactivation of the plant any time soon. The main interest for the plant stems from its market, which will enable to run the Sant Vicenç dels Horts works at a better utilisation rate.

At present San Vicenç exports around 75 per cent of its output while only the remaining quarter is sold in Spain. The new acquisition would enable Cementos Molins to sell 40 per cent of output in the national market and reduce exports, which are less profitable. 

Published under Cement News