Cement News tagged under: Cementos Portland
Basque Aguinaga family resigns from Portland Valderrivas board15 April 2014, Published under Cement NewsThe investment company Cartera Deva, controlled by the Basque Aguinaga family, has resigned as member of board of Cementos Portland Valderrivas, a subsidiary of FCC. The step follows the sale on 4 April of a 5.01 per cent stake of B-1998 by Eurocis, also owned by the Aguinas, to Caixabank. B-1998 is owned by Esther Koplowitz via a 89.65 per cent stake with a further five per cent minority holding by Larranza XXI. B-1998 is the vehicle by which Koplowitz owns about 50 per cent of FCC share... |
FCC to increase stake in Cementos Portland to 78%28 March 2014, Published under Cement NewsFCC will increase its participation in Spain-based cement producer Cementos Portland from 69.8 to 78 per cent. The transaction will be carried out by a capital increase of EUR111m through the capitalisation of a EUR100m subordinated loan granted by FCC. The capital increase will result from the issuance of 13,878,094 new ordinary Cementos Portland shares, representing EUR1.50 par value each with a premium of EUR6.50/share, for a total of EUR8. The capital increase is expected to take plac... |
Employment suspension to affect all of Olazagutía’s employees15 October 2013, Published under Cement NewsThe temporary employment suspension (ERTE) raised by Cementos Portland for its six plants in Spain is expected to affect the entire workforce of the Olazagutía plant in Navarra. A negotiation process has now started between the company’s management and the representatives of the 110 employees at the works to minimise the impact of the ERTE. Javier Lecumberri of the general workers union, UGT, said that the negotiation process is "very complex" which will address "both the conditions of th... |
Cementos Portland considers Spanish plant closure22 March 2013, Published under Cement NewsCementos Portland is considering the closure of one of its plants in Spain, due to the continued downturn in the Spanish cement market. Juan Bejar CEO of the company’s majority shareholder FCC, said the move could affect one of the three factories in northern Spain or one of the two plants in the Catalonia region, local newspaper Expansion reported. The company will also have to adjust its staffing levels in its concrete and aggregate divisions. |