Cement News tagged under: Cementos Molins
Cementos Molins to raise capacity by 4.4Mta09 May 2017, Published under Cement NewsIn 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 1Q1703 May 2017, Published under Cement NewsSpain'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 NewsCementos 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... |
Paving the road for Colombia23 January 2017, Published under Cement NewsWith an infrastructure master plan that will see COP54.8bn poured into Colombia’s road network alone, the future for the country’s cement industry is positive. Anticipating sustained market growth, existing and new players are expanding production capacity and in some cases, phasing out old, wet-process technology. By Bancolombia, Colombia. Colombia is embarking on a large-scale infrastructure master plan with a major focus on the transport network Back in May 2014, Bancolombia ... |
Cementos Moctezuma completes second line at Apazapan01 December 2016, Published under Cement NewsCementos Molins and Buzzi Unicem's Mexican joint venture, Cementos Moctezuma, announced that construction of the second production line at its Apazapan plant in Veracruz state has now been completed. The new line will fully enter operation on 15 December, when the mill is commissioned. The project, financed by the company through its own resources, represents an investment of US$23m. It will enable output at the works to rise by 20 per cent and increases capacity from 1.3Mta to 1.4Mta. |
Colombia: EcoCementos project will be located in free trade zone04 November 2016, Published under Cement NewsCementos Molins' joint venture with Colombia's Corona construction group, EcoCementos, will produce cement in one of the new free trade zones announced by the country's government. The new works, which is expected to have a clinker capacity of 3000tpd and a cement capacity of 1.35Mta, will be located in Sonsón, Antioquia, Colombia. It represents a joint investment of US$370m and is expected to be operational by mid-2018. Colombia is launching four new free trade zones, authorised by ... |
Cementos Molins applies to raise tyre use24 August 2016, Published under Cement NewsRecognising the need to increase its use of tyres as fuel to fire its kiln, Cementos Molins is applying to extend its licence. Initially, Catalonia’s provincial government authorised Cementos Molins to burn 5000t of tyres as fuel for its kiln in its Sant Vicenç dels Horts plant, but following the success of the operation, the cement producer has now applied to raise this figure to 20,000t. The cement company has said that as it does not use whole or cut tyres, but tyre chips, which requir... |
Border closure costs Cementos Molins EUR25m06 June 2016, Published under Cement NewsThe closure of the border between Tunisia and Libya and the regional political tension has seen Cementos Molins’ assets depreciate by EUR25m as exports have fallen, according to sources close to the company. Cementos Molins, who owns two cement businesses in Tunisia, reported sales of EUR646m in 2015, representing an increase of 20 per cent YoY with profits at EUR50.8m, up 64 per cent. However, its subsidiary Sotacib, which produces white cement, reported losses of EUR7.2m and has been in ... |
Spain: Cementos Molins 1Q16 profit up 1.7%03 May 2016, Published under Cement NewsCementos Molins posted profits of EUR15.36m for Jan-Mar 2016, up 1.7 per cent YoY. However, sales reached EUR130.69m, 10.2 per cent down when compared with 1Q15. The business result was impacted by a contraction in Spain and to some extent, the negative impact of foreign currency depreciation, especially in Argentina and Mexico. Nevertheless, the Argentinian and Mexican businesses led the improvement in results with better margins compensating for their currency depreciation. Urugu... |
Spain: Cementos Molins 2015 profit up 65% YoY01 March 2016, Published under Cement NewsCementos Molins posted a consolidated net profit of EUR50.8m in 2015, representing a 65 per cent rise YoY. The Spanish cement producer’s overseas companies saw profits rise by 9.3 per cent to EUR64m while the domestic arm continued to note net losses despite a 52.6 per cent YoY improvement. Cementos Molins is currently investing in production units in Mexico, Bolivia and Colombia.It is building a new production line in its Apazapan works in Mexico while in Bolivia the construction of a cem... |