Cement News tagged under: Cementos Molins SA

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Cementos Molins records net profits of EUR93m in 2020

01 March 2021, Published under Cement News

Cementos Molins announced the group's net profit rose by four per cent YoY to EUR93m in 2020. In comparable terms of exchange rates and adjustment for hyperinflation of Argentina, the net profit  increased by 27 per cent in 2020. Cementos Molins revenues have reached EUR775m at the end of 2020, which represents a decrease of three per cent compared to the same period of the previous year. The strong contraction of the markets in the second quarter as a result of the impact of the COVID...

Spanish producers adapt to survive

10 February 2017, Published under Cement News

Spain's road back to high cement volumes seems a rather tortuous journey with Fomento de Constructions & Contratas (FCC) announcing a net loss of EUR1625.2m this week for its close of business in 2016. While the financial impact being felt on Spanish producers is extenuated with exchange rate fluctuations, the report also highlighted that construction business for the company was down 17 per cent in its domestic market, while the Spanish building market had fallen by 35.4 per cent for the c...

Cementos Molins plans US$189mn investment in Argentina

26 April 2016, Published under Cement News

Cementos Molins SA, Spain, the main stakeholder in Argentina's Cementos Avellaneda, said on Monday it plans to invest US$189mn to expand production at the company's local facilities. The company currently operates a 0.3Mta capacity plant in San Luis province which will be expanded to 1Mta after the upgrade. The investment comes after moves by President Mauricio Macri to reconcile Argentina with global capital markets and improve the level of foreign investment in an effort to revive the fl...