Cement News tagged under: Spain

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Cementos Molins applies to raise tyre use

24 August 2016, Published under Cement News

Recognising the need to increase its use of tyres as fuel to fire its kiln, Cementos Molins is applying to extend its licence. Initially, Catalonia’s provincial government authorised Cementos Molins to burn 5000t of tyres as fuel for its kiln in its Sant Vicenç dels Horts plant, but following the success of the operation, the cement producer has now applied to raise this figure to 20,000t. The cement company has said that as it does not use whole or cut tyres, but tyre chips, which requir...

Spain: Cementos Portland improves loss

27 July 2016, Published under Cement News

Cementos Portland reported a loss of nearly EUR36.8m (US$40.5m) in the first half of 2016, a 7.9 per cent YoY improvement when compared with the EUR39.9m loss in 1H15. EBITDA improved 23 per cent to EUR46m. Revenues fell by 1.8 per cent due mainly to a decrease in sales volumes in Spain and Tunisia, which contracted by 2.3 and 5.5 per cent, respectively in the first half of the year. The USA delivered relief as the market expanded by 10.2 per cent by the close of April. In addition, expor...

Spain: FCC refinances Portland Valderrivas debt

14 July 2016, Published under Cement News

In the restructuring of the group, Spain’s FCC plans to refinance the syndicated debt of Cementos Portland Valderrivas (CPV), in which it owns a 77.9 per cent stake. Funds from FCC’s capital increase will be used to write of EUR325m of EUR823m of the total amount. CPV will then refinance the outstanding EUR500m over a period of five years. The refinancing will also enable the Spanish cement producer to obtain a reduction in interest rate from 4.5 per cent (Euribor) to 3.5 per cent. Key cr...

Spain: consumption decreases 2.3% in 1H16

12 July 2016, Published under Cement News

Cement sales in Spain slipped by 0.9 per cent to 1,048,116t while for 1H16 they fell 2.3 per cent to 5,525,720t. The continued fall in demand is attributed to the lack of construction in the infrastructure sector with the key housing sector unable to offset the decrease. "The virtual paralysis of public works has been a setback in our forecasts for the end of the year," says Jaime Ruiz de Haro, Oficemen president, adding that "at the end of 2015 we envisioned a scenario with slight growth...

Spain: cement consumption falls

01 July 2016, Published under Cement News

Cement consumption in Spain fell by 7.5 per cent in May, reaching 965,465t, 78,535t less than a year ago and the lowest comparable figure since May 1965, according to the latest figures of Oficemen, the Spanish cement association.   During the first five months of the year cement consumption declined  by 2.7 per cent YoY to 4.478Mt, 122,792t less than in the same period of 2015.   According to Aniceto Zaragoza, CEO of Oficemen, the cement sector is being punished "by the absence of measu...

Spain: cement demand down 7.5% YoY

27 June 2016, Published under Cement News

Spanish cement consumption saw a 7.5 per cent YoY drop in May 2016 to 965,465t, according to the latest figures published by Oficemen, the country’s cement association. In the first five months of the year, the domestic market contracted 2.7 per cent when compared to the same period in 2015. Total demand in Spain is 4.47Mt. Oficemen attributes the fall to national budget deficits and the lack of political stability as well as the absence of measures for public works to recover.

Spain: Cosmos to go ahead with biomass

16 June 2016, Published under Cement News

Cementos Cosmos is to be allowed to burn biomass at its kiln, according to the Cordoba appeal judge dealing with the case. Cordoba municipality had said the cement producer could not fire its kiln with waste, but this decision was overruled with municipality having two weeks to carry out the judgment.

The Mediterranean and beyond

25 May 2016, Published under Cement News

The Mediterranean has always played a vital role in the world economy and international trade. In recent years its bordering countries have been affected by turmoil caused by various factors: the economic crisis, a fall in oil prices, increasing migration and Islamisation, political instability and wars. This uncertainty has affected construction investment and regional cement demand. For Mediterranean cement producers this has meant a need to find new markets and look beyond the usual horiz...

Spain: April cement demand contracts 3.3%

23 May 2016, Published under Cement News

Cement consumption in Spain fell 3.3 per cent YoY in April, slipping to 946,329t, according to Oficemen. The latest data bring the figures for the first four months of 2016 to 3,512,140t, reflecting a decrease of 1.2 per cent YoY. Oficemen attributes the decline particularly to public works, which, according Oficemen’s director general, Aniceto Zaragoza, "is being much worse than expected and does not correspond to the approved by government budgets, which means there is a slowdown of...

Spain: Cementos Portland restructures debt

11 May 2016, Published under Cement News

The refinancing of the EUR825m syndicated loan of cement producer Portland Valderrivas, a Fomento de Construcciones y Contratas (FCC) company, has been completed, reports Spacol. FCC, the Spanish civil engineering group and main shareholder in Portland, with an 80 per cent stake, offered a 10 per cent trimming to the loan, which matures in July 2016, but the offer was rejected by creditors. More than 50 per cent of the debt of Portland is now in hands of vulture funds, such as Apollo, Dav...