Cement News tagged under: Cementos Portland Valderrivas

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Cementos Portland Valderrivas revises 2012-21 business plan, Spain

09 May 2013, Published under Cement News

Spain's leading cement producer, Cementos Portland Valderrivas, has revised its business plan for 2012-21 after recording a loss of EUR27.7m in the first quarter of 2013. The company, which is controlled by the contracting group Fomento de Construcciones y Contratas, has announced its intention to dispose of non-core assets and temporarily close plants due to the continuing decrease of the cement demand. The adjustment measures will also include cuts to salaries. In response to the weak ...

Cementos Portland books capital gain from stake swaps, Spain

28 February 2013, Published under Cement News

Spain-based cement producer Cementos Portland Valderrivas has booked a capital gain of EUR115.6m following the asset swap of its shareholding in Cementos Lemona for Cementos Uniland with CRH. The capital gain was divided into two lots: the first, totalling EUR100m, came from the exchange of the shares owned by Portland in Lemona for a 26.3 per cent stake in Uniland. The other EUR15.6m came from the sale of Cementos Portland's 100 per cent ownership in the capital of UK cement terminal So...

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...

UK: Southern Cement buys its own shipunloader

06 December 2012, Published under Cement News

Southern Cement, which is based at the Port of Ipswich and was established 10 years ago, imports around 160,000tpa of bulk and bagged cement products to supply to building firms across the UK. The business, part of the Spanish-based Cementos Portland Valderrivas (CPV) group of companies, uses a mobile shipunloader, to unload cement and before it is transferred to silos at the port. This was previously sub-contracted out to another firm, but now Southern Cement has bought its own mobile shi...

FCC to provide loan to Cementos Portland by year-end, Spain

12 November 2012, Published under Cement News

Spanish builder FCC is expected to extend a EUR100m (US$127.3m) loan to its cement subsidiary Cementos Portland by end-December, according to reports in local paper Expansion. The credit is in line with the terms of the EUR1.274bn debt refinancing deal signed between Cementos Portland and its creditor banks in July. FCC decided to grant the loan after Cementos Portland said it would suspend the envisaged EUR100m capital hike, required by the debt refunding agreement. However, at the pres...

Cementos Portland posts EUR83m loss for Jan-Sep 2012

09 November 2012, Published under Cement News

Cementos Portland of Spain has posted a loss of EUR83m for the first nine months of 2012, almost 10-times the loss posted in the same period of last year, local press have reported. The steep decline is attributed to weaker demand from its domestic market of Spain which could not be offset by activity in USA and Tunisia where the company also operates..

FCC gives cement unit EUR100m loan

12 October 2012, Published under Cement News

Spanish builder FCC said on Thursday it has given its Cementos Portland unit a EUR100m (US$129m) transitory loan as part of the cement arm's refinancing agreement with its creditors. Separately, Cementos Portland said it may consider following through with capital hike plans in 2013 if market conditions are suitable (Source: Reuters)

Cementos Portland acquires new unloading equipment, UK

08 October 2012, Published under Cement News

Cementos Portland Valderrivas has invested EUR1m in a new unloader to speed up bulk discharges from ships in the port of Ipswich terminal, one of two that the group has in the United Kingdom. The mobile road shipunloader was supplied by the Dutch company Van Aalst and has the ability to discharge ships of up to 5000t at a nominal rate of 225tph. According to Juan Béjar, president of Cementos Portland Valderrivas, " conditions in the unloading will be further improved, which until now w...