Cement News tagged under: Cementos Lemona

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Cementos Lemona starts exports to UK

18 July 2013, Published under Cement News

Spain’s Cementos Lemona has initiated exporting cement to the UK. The first shipment of 13,000t of cement will be delivered to Southern Cement, also owned by Lemona’s parent company, CRH. As part of an asset swap undertaken earlier this year, Cementos Portland Valderrivas (CPV) transferred its 99 per cent stake in Cementos Lemona SA to CRH. In addition to the Cementos Lemona assets, which has cement, ready-mix and aggregates operations in Bilbao, Spain, the deal included CPV’s Southern ...

CRH: acquisition and investment update, Ireland

02 July 2013, Published under Cement News

Irish building materials major CRH plc announced it has undertaken 17 acquisition and investment initiatives during the first half of 2013. These transactions, together with the acquisition of Cementos Lemona in Spain (acquired as part of the Uniland asset swap announced in February) and net deferred consideration payments, bring development spend for the first half of 2013 to approximately €470m. Proceeds to date from divestments and disposals, including the Uniland swap, amount to approxim...

CRH names five representatives to Cementos Lemona board, Spain

16 April 2013, Published under Cement News

CRH has named five representatives to the board of directors of Spanish cement producer Cementos Lemona. In February, CRH acquired Cementos Lemona in exchange for its 26.4 per cent stake in Cementos Portland Valderrivas. The five new members joined the board after a recent extraordinary shareholders meeting. Minority shareholders will not have representatives on the board. Cementos Lemona has a 1.25Mta cement capacity near Bilbao, Spain, and operates Southern Cement in Ipswich, England.

CRH boosts American profitability

27 February 2013, Published under Cement News

CRH's turnover improved by 3.2 per cent last year to €18,659m while the EBITDA was off by one per cent to €1640m. There were 36 acquisitions during the year and the outlook for acquisition opportunities is deemed positive. Trading profit declined by three per cent to €840m and after other charges, including a net interest charge 12.7 per cent higher at €258m and a €230m gain on disposals, compared with €55m in 2011, the pre-tax profit declined by 5.2 per cent to €674m. Excluding exceptional ...

CRH and Cementos Portland Valderrivas confirm asset swap agreement

26 February 2013, Published under Cement News

CRH plc and Cementos Portland Valderrivas SA have reached agreement on an asset swap in relation to certain Spanish assets, effective immediately. The deal involves operations in Spain and the UK. CRH said in a statement that it will transfer its 26 per cent stake in Corporacion Uniland SA to CPV. In consideration, CPV will transfer its 99 per cent stake in Cementos Lemona SA to CRH. Cementos Lemona is an integrated cement, ready-mix and aggregates business located close to Bilbao ...

Portland Valderrivas explores sale of Cemento Lemona to CRH

13 February 2013, Published under Cement News

Spain’s Cementos Portland Valderrivas is currently considering the sale of its Basque subsidiary Cementos Lemona to the Irish multinational CRH. Yesterday, CRH directors visited the facilities of Prefabricades Lemona. This follows a visit last month to the Lemona’s quarries and cement plant, according to Spanish daily El País. Sources indicate that after months of negotiation, the acquisition process is in its final stages although there has been no confirmation of the sale yet. Portla...

Further Spanish cuts ahead

19 September 2012, Published under Cement News

The Spanish cement sector is facing more job cuts and possible further restructuring measures as local cement consumption continues to tumble. Management of Cementos Lemona presented yesterday a job-cutting plan, which will affect 34 employees at the company's plant in the Basque country, according to trade union ELA. Local newspaper Expansion reported that the  measure is part of the viability plan of cement group Portland Valderrivas, which controls Cementos Lemona. The group is t...

Cementos Lemona temporary downsizing of operations, Spain

23 January 2012, Published under Cement News

Cementos Lemona of Spain has presented a 161-day downsizing programme for its 123 members of staff its plant in Lemona, Biscay province, Finanzas  reports. This is in light of a 40 per cent decline in production between 2007 and 2010. With the readjustments the company hopes to adapt to current market conditions. In 2011, the company had 166 days of production stoppage due to lower cement demand but to-date had not adjusted its labour. The company said it is not seeking to reduces wage...