Cement News tagged under: Spain
Spain’s cement market contracts 12% in April30 May 2023, Published under Cement NewsCement consumption in Spain dropped 11.6 per cent YoY to 1,182,325t in April 2023, according to the Spanish cement association, Oficemen. The YoY drop needs to be considered against “an untypical high result – the highest in the last decade”, said the organisation. "The reason was the rebound effect that occurred in the construction sector, once the transport strike ended," explains Oficemen General Director, Aniceto Zaragoza, who adds that "the works that had been paralysed due to lack of... |
CEMEX acquires mortar plant in Spain24 May 2023, Published under Cement NewsCEMEX has acquired a mortar plant near Madrid, Spain, as part of its ongoing strategy to increase EBITDA through bolt-on acquisitions. The new plant is equipped with the latest technology to enable the production of traditional and specialty mortars with enhanced sustainability attributes. CEMEX’s nearby Castillejo cement plant will supply lower-carbon Vertua cement for mortar production. The mortar plant is located only 35km from Madrid, contributing to reducing overall Scope 3 emis... |
Can CBAM create a level playing field for CO2 emissions?19 May 2023, Published under Cement NewsThis week, Eurostat released the EU cement industry statistics for 2022. There has been little change from 2021 when EU27 imports of cement and clinker totalled around 9.5Mt, but in 2022 imports rose above 10Mt for the first time. It is a rising trend that has continued to evolve since pre-2016, when clinker and cement imports to the EU27 totalled less than 2.5Mt. Meanwhile, cement and clinker exports from the EU27 have slumped from nearly 25Mt in 2016 to around 13Mt in 2022 with the UK and ... |
Votorantim Cimentos revenue jumps 18% in 1Q2312 May 2023, Published under Cement NewsVotorantim Cimentos has reported global revenue of BRL5.8bn (US$1.17bn) in the first quarter of 2023, up 18 per cent YoY. Adjusted EBITDA over the same period advanced by 85 per cent to BRL779m, with a positive impact on the EBITDA margin, which stood at 13 per cent in the 1Q23, marking an increase of four percentage points on the 1Q22. The company ended the 1Q23 with a net profit of BRL78m, reversing the BRL317m loss seen in the first quarter of 2022. Cement sales in the first three month... |
Cementos Molins reports 25% YoY revenue growth in 1Q2304 May 2023, Published under Cement NewsCementos Molins has reported revenue of EUR342m in the first quarter of 2023, up 25 per cent YoY. According to the company, sales have improved across all businesses and regions, driven by both volume and selling prices. On a like-for-like basis, revenue improved by 38 per cent. EBITDA over the same period advanced by 47 per cent YoY to EUR86m, with a strong contribution from Spain and Mexico. Like-for-like EBITDA increased by 64 per cent. Net profit in the 1Q23 came in at EUR37m, marki... |
Spanish cement demand up 24% in March25 April 2023, Published under Cement NewsCement consumption in Spain increased 23.5 per cent YoY to 1.4Mt in March 2023, according to Oficemen. The significant market growth in the third month was attributed to the low base noted in March 2022 a transport strike impacted cement deliveries. In terms of external trade, exports increased 1.7 per cent YoY to 506,610t in March 2023 from 498,329t. Imports fell by 75.5 per cent YoY to 44,864t. January-March 2023 The latest monthly advance in cement consumption has resulted in total c... |
Cementos Molins acquires Tecnoresil11 April 2023, Published under Cement NewsCementos Molins has acquired 100 per cent of Tecnoresil, a company that manufactures and distributes chemical products for industrial and decorative flooring, through its construction solutions subsidiary Propamsa. With this acquisition, Cementos Molins strengthens its strategy of expanding its range of construction solutions. With the acquisition of Tecnoresil, a company with over two decades of experience in the sector, Cementos Molins has expanded its range of continuous flooring sol... |
Spain's cement market contracts 7% in February31 March 2023, Published under Cement NewsCement consumption in Spain has fallen 7.1 per cent YoY to 1,175,290t in February, reports Oficemen. The association’s Managing Director, Aniceto Zaragoza, points that in February 2022 market growth was high at 14 per cent YoY and the month saw the highest February demand volumes in the last decade. Compared with the first two months of 2022, domestic consumption declined 2.9 per cent in the January-February 2023 period. Exports were down 17.2 per cent YoY in February 2023, resulting in ... |
The eye of the kiln28 February 2023, Published under Cement NewsThermographic vision has improved the accuracy of kiln monitoring systems and enabled cement plants to spot potential issues early. At Votorantim Cimentos’ plant in Malaga, Spain, VisionTIR installed an RKS300 system to help the facility improve its refractory identification and reduce energy costs. By VisionTIR, Spain. The accuracy of kiln monitoring has significantly improved through the use of thermographic vision-based systems The temperature in the kiln is a key factor in c... |
Cementos Molins posts revenues of EUR1268m in 202228 February 2023, Published under Cement NewsCementos Molins closed 2022 with revenues amounting to EUR1268m, up 31 per cent compared to previous year, driven by sales increase across all businesses and the significant contribution of acquisitions completed last year. On a LfL basis, revenues increased by 18 per cent. EBITDA reached EUR276m, 14 per cent higher than previous year, due to the performance of South American and Asian businesses and the contribution by the acquisitions. High negative impact of inflation on costs has be... |