Cement News tagged under: Cementos Molins

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Argentine hyperinflation costs Cementos Molins EUR11m

01 March 2019, Published under Cement News

Spain-based cement producer Cementos Molins saw a negative effect of EUR11m (US$12.5m) in its business results in 2018 due to the hyperinflation and the devaluation of Argentina, according to Spanish economic and business newspaper Expansión. Its profit fell by four per cent to EUR85m in 2018. The reduction of the Argentine’s subsidiary cash also affected the company’s debt levels, which increased by 22 per cent to EUR179m as a result of lower cash levels and investments made.

Cementos Molins reports 40% YoY rise in net profit in 2017

02 March 2018, Published under Cement News

Cementos Molins posted a net profit of EUR89.1m (US$109.4m) in 2017, which represents a YoY advance of 39.5 per cent. Consolidated turnover for the year increased 15 per cent YoY to EUR645.6m. The company’s revenues were supported by its international subsidiaries which expanded by 16 per cent, particularly its Argentine subsidiary, which saw its sales rise by 23 per cent. Subsidiaries in Spain increased their turnover by 13.5 per cent, particularly in the concrete and aggregate segment. ...

Cementos Molins reduces price for LafargeHolcim Bangladesh to US$62m

28 December 2017, Published under Cement News

Cementos Molins (Spain) has reduced the purchase price for LafargeHolcim Bangladesh to US$62m, compared to the US$117m originally announced in December 2016 for 100 per cent of the company, which owns three cement grinding units in the Asian country. The acquisition relates to the ongoing restructuring of Lafarge and Holcim assets in Bangladesh following the LafargeHolcim merger. Cementos Molins was previously a joint venture partner in Bangladesh with Lafarge.

Cementos Molins relocates registered address to Madrid

23 October 2017, Published under Cement News

Spanish cement producer Cementos Molins is moving its registered address from the town of Sant Vicenc del Horts in Catalonia to Madrid. Sources close to the step have said the reason for the move is the legal uncertainty in Catalonia. While the company’s plant will remain in Sant Vicenc del Horts, the publicly-traded copany and the group’s holding through which it channels its foreign investments will take up residence in Madrid. The company plans to invest EUR350m to expand its produ...

Joan Molins Amat new Cementos Molins President

01 August 2017, Published under Cement News

Spain-based Cementos Molins has appointed Joan Molins Amat as its new President following the passing of Casimiro Molins Ribot on 25 June. Joan Molins Amat was formerly First Vice-President of the company. The Group's Board of Directors assigned Joaquín Molins Gil as First Vice-President and Ana María Molins López-Rodó on his place as Second Vice-President.

WEG supplies Itacamba Cemento

28 June 2017, Published under Cement News

WEG has successfully installed several electric motors for Bolivian producer Itacamba Cemento SA, owned by Votorantim Cimentos SA and Cementos Molins. The WEG package includes W22 IP66 high-performance low-voltage motors and medium-voltage slip ring motors with a brush lifting system for continuous operation and suitable for operation in aggressive environments. These electric motors will operate in drive mills, crushers and fans at the plant. WEG motors with the brush lifting system h...

Cementos Molins President passes away

26 June 2017, Published under Cement News

President of Cementos Molins, Casimiro Molins Ribot, passed away aged 97 on 25 June in Barcelona, Spain. He had been member of the company board of Sant Vicenç dels Horts for 71 years. In 1945 Mr Molins Ribot was appointed Board member and Secretary to the cement company which his grandfather, Juan Molins Parera, founded and led the Board since 1972. He was appointed President in 1986. Under his leadership, Cementos Molins consolidated the diversification of its business and its inter...

Cementos Molins to raise capacity by 4.4Mta

09 May 2017, Published under Cement News

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 pa...

Cementos Molins sees 33% profit rise in 1Q17

03 May 2017, Published under Cement News

Spain's Cementos Molins saw its profit rise 33.2 per cent YoY to EUR20.5m in the first quarter of 2017 due to an increase in sales and a positive trend in prices. However, net profit, which reached EUR1.2m, was negatively affected by currency depreciation, particularly the Mexican peso. Revenues advanced 20.6 per cent YoY to EUR194.1m while gross operating profit rose 27 per cent YoY to EUR49.4m. The company attributes this to he rebound in sales and prices, "despite the fact that pro...

Cementos Molins expects to raise AF use to 39%

27 January 2017, Published under Cement News

Cementos Molins plans to raise alternative fuel use at its Sant Vicenç del Horts plant near Barcelona, Spain, from 34 to 39 per cent of the fuel mix this year. The step is expected to reduce fuel costs by EUR1.2m annually. The increase is made possible due to considerable use of waste tyres to replace petcoke, the fuel most commonly used in the plant. However, for the plan to go ahead, the authorities have to approve the modification to the plant’s current permit to use up to 115,000t of...