Cement News tagged under: Cementos Molins
Cementos Molins 1H profit falls 58%01 August 2013, Published under Cement NewsCementos Molins closed the first half-year with a profit of EUR8.3m, 58 per cent down on 1H12. The decline has been attributed to the poor performance of the Spanish subsidiaries, which recorded a EUR22.4m loss. The company’s overseas divisions returned a profit of EUR30.7m. The group's total turnover decreased by 8.6 per cent from the 1H12 and reached EUR416m. In Spain, the turnover decreased by 14 per cent. Abroad sales fell seven per cent due to lower contributions from Mexico and Ce... |
Cementos Molins buys Cemex’ Sant Feliu works18 June 2013, Published under Cement NewsCementos Molins has reached an agreement with Cemex to buy the latter’s Sant Feliu de Llobregat cement plant near Barcelona. The Sant Feliu works has been out of action for months due to the downturn in the Spanish cement market. However, for now, Cementos Molins does not expect the reactivation of the plant any time soon. The main interest for the plant stems from its market, which will enable to run the Sant Vicenç dels Horts works at a better utilisation rate. At present San Vicen... |
Cementos Molins first-quarter profit down by 53%03 May 2013, Published under Cement NewsSpanish cement maker Cementos Molins reported a 53 per cent on the year drop in its profit for the first quarter of 2013 to EUR4.7m, mainly due to the losses sustained by the domestic market. Spanish subsidiaries closed the quarter with a EUR10.96m loss, 47 per cent more than the previous year. Consolidated turnover reached EUR195m with income falling by 18 per cent in the Spain and 6.6 per cent in overseas markets. The company, which operates a cement plant in the Catalan capital o... |
Cementos Molins to reduce workforce15 March 2013, Published under Cement NewsSpain-based cement producer Cementos Molins is to cut 56 jobs at its St Vicenc dels Horts works due to the ongoing crisis in the domestic construction market. The cutbacks will reduce the total number of employees at the plant by 29.3 per cent, according to reports in Cinco Días. |
Cementos Molins cuts back in Spain while expanding in foreign markets13 February 2013, Published under Cement NewsAs the Spanish construction crisis shows no sign of abatement, Cementos Molins expects to continue the adjustment in its Spanish workforce. The company’s vice-president and CEO Joan Molins said the company would be restructuring its operations, cutting back in Spain and increasingly shifting its focus to foreign markets. He announced new projects in Uruguay, Brazil, Mexico and Tunisia. Over the past five years, the firm increased its number of employees abroad from 2500 to 3200. In a... |
Cementos Molins posts EUR31m profit, up 85%31 October 2012, Published under Cement NewsSpain’s Cementos Molins has posted a profit of EUR31.16m in the first nine months of the year. The 85 per cent rise has been attributed to successful foreign business, which continues to offset the decline in Spanish sales. The company’s operations in Spain have seen profits decline on the back of a 16 per cent drop in domestic sales as Spanish cement demand continues to post further lows. The drastic falls in consumption have seen cement demand plunge to a level not seen since the 1960s.... |
New Uruguay joint venture plant investment04 October 2012, Published under Cement NewsThree cement companies are planning to invest in a new joint venture cement plant in eastern Uruguay’s Treinta y Tres department to tap export potential in neighbouring Brazil, according to local press reports. State oil and cement company ANCAP, along with Spanish cement producer Cementos Molins and Brazil’s Votorantim have filed an Environmental Impact Assessment (EIA) for a new 750,000tpa. Total costs are estimated at US$160m, with Cementos Molins contributing 60 per cent and ANCAP and... |
Cementos Molins to cut investments in 2012, Spain01 June 2012, Published under Cement NewsSpanish cement company Cementos Molins will cut its investments in 2012 to EUR80m from EUR120m. With the move, the firm is trying to reduce its debt, standing at almost EUR400m at end-2011. On June 14 Cementos Molins will pay a dividend of EUR 0.01 apiece. Abstracted from an original article in Expansion. |
RDF – stored and delivered14 March 2012, Published under Cement NewsWhen Cementos Molins Industrial of Spain needed a new RDF preparation, storage and transport facility, the cement producer turned to Vecoplan FuelTrack. The German firm put its 15 years of experience to good use in a design that not only allowed for current requirements, but also for future needs as described in this article by Boris Sassenrath, Vecoplan FuelTrack GmbH of Germany together with Ferran Griera and Gonzalo Lopez of Cementos Molins Industrial SA, Spain. Figure 1: bridge cr... |