Cementos Molins to raise capacity by 4.4Mta

Cementos Molins to raise capacity by 4.4Mta
09 May 2017

In the next three years Cementos Molins plans to invest EUR350m to increase its capacity by 4.4Mta. The company currently has projects in Argentina, Colombia and Bangladesh.

In Argentina the company will invest EUR100m in its joint venture with Votorantim, Cementos Avellaneda. The sum represents about half the investment required to add 0.2Mta at the Olavarría unit this year and expand capacity at the San Luis works to 0.9Mta by 2019. 

Meanwhile, in Colombia Cementos Molins and its partner, Corona, are building a new EUR336m plant. The construction project has been awarded to OHL.

In Bangladesh the cement producer is awaiting authority approval to acquire three grinding plants from Holcim.

Between 2014-16 the company invested EUR240m, mainly in the expansion of production capacity at its plant in Apazapán, Mexico, and in building the Yacuces works in Bolivia.

Cementos Molins sales fell seven per cent YoY to EUR691m in 2016 with around 70 per cent of its sales generated outside Spain. However, net profits increased by two per cent to EUR168m when compared with 2015.

Cementos Molins' CEO, Julio Rodríguez, said the expansion of production capacity will allow the company to raise its revenues by 20-25 per cent in 2019 when compared with 2016.


Published under Cement News