Cement News tagged under: Portland Valderrivas

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Portland Valderrivas notes 7.6% fall in turnover in 2016

03 February 2017, Published under Cement News

Portland Valderrivas saw its turnover decrease 7.6 per cent YoY to EUR536.2m in 2016. The company recorded a net loss of EUR-120.4m, from a net profit of EUR28.6m in 2015. In addition, an EBITDA of EUR-226.4m was posted at the end of 2016, exacerbating the loss of EUR-73.2m reported the prior year. Cement sales slipped 1.7 per cent from 7.3Mt in 2015 to 7.2Mt in 2016 while the concrete division noted a 10.2 per cent drop in sales to 225,000m3. Aggregate sales increased by +26.4 per cent t...

Spain: Port of Seville quadruples cement shipments in 2016

20 January 2017, Published under Cement News

The Port of Seville, Spain, increased its throughput of cement by 481 per cent to 74,200t in 2016. In addition, the port has expanded its business lines and diversified goods accepted by the port. This includes since the start of this year the shipment of clinker, which was previously shipped by other ports in Andalucia. The port’s location close to Portland Valderrivas’ Alcalá de Guadaíra plant has also proved beneficial for such shipments.

Portland Valderrivas board approves Giant 55% sale to Elementia

31 October 2016, Published under Cement News

The board of Spain’s Cementos Portland Valderrivas has formally approved the sale of a 55 per cent stake in its US unit Giant Cement Holding to Mexico’s Elementia, owned by Carlos Slim, who owns a 35.6 per cent holding in the Mexican company via his Grupo Carso. The deal includes a US$220 capital increase in Giant with subscription rights granted to Elementia, who will extend a loan of US$305m to the US unit. Giant’s parent company, FCC, has also given the go-ahead. Slim’s holding com...

Spain: Portland Valderrivas quadruples 9M loss

25 October 2016, Published under Cement News

FCC subsidiary Cementos Portland Valderrivas of Spain reported a EUR233.3m loss in the first nine months of 2016, quadrupling its loss noted in 9M15. Revenues stood at EUR429.3m, 1.6 per cent below Jan-Sep 2015, as a result of shrinking markets in Spain and Tunisia, according to the company’s filing with the National Market Commission (CNMV). Cement sales advanced 1.7 per cent, aggregates by 30.8 per cent and mortar by 2.8 per cent, but concrete sales were down 23 per cent. However, EB...

Cementos Portland Valderrivas reduces losses

29 July 2013, Published under Cement News

Spain’s Cementos Portland Valderrivas cut losses by nearly 99 per cent to EUR0.6m (US$0.8m) despite a sharp decline in domestic cement demand. In the 1H12, the company had made losses of EUR48.6m. Valderrivas also swapped assets with Ireland’s CRH in 1H13, which provided capital gains of EUR104.8m. Valderrivas chairman and CEO José Luis Sáenz de Miera said: “Results for the first half reflect efforts last year to reduce costs in Spain, where demand continues to shrink, and to improve e...