Cement News tagged under: Spain

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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...

Cementos Portland reports EUR29.6m loss in 1Q16

04 May 2016, Published under Cement News

Spain’s Cementos Portland reported a loss of EUR29.6m (US$34m) in the first quarter of 2016, 0.4 per cent less than in 1Q15 due to a recovery in sales and savings in energy costs, the company informed the stock exchange commission CNMV. Sales during the three-month period reached EUR129.8m, up 6.6 per cent thanks to improved performance in the USA, Tunisia and export markets. Volumes rose 12.4 per cent to 1.7Mt as exports from Spain increased, the US saw growth and Tunisia noted “a small ...

Spain: Cementos Molins 1Q16 profit up 1.7%

03 May 2016, Published under Cement News

Cementos Molins posted profits of EUR15.36m for Jan-Mar 2016, up 1.7 per cent YoY. However, sales reached EUR130.69m, 10.2 per cent down when compared with 1Q15. The business result was impacted by a contraction in Spain and to some extent, the negative impact of foreign currency depreciation, especially in Argentina and Mexico. Nevertheless, the Argentinian and Mexican businesses led the improvement in results with better margins compensating for their currency depreciation. Urugu...

Spain: cement consumption stagnates

22 April 2016, Published under Cement News

Cement consumption in Spain has returned to the red numbers at the end of the 1Q16 with a fall of 0.5 per cent, which places the accumulated 2,565,811t in total, about 12,000 less than in the same period last year. With respect to March, the fall was 7.2 per cent, reaching 928,188t, 71,795 less than in the same month of 2015. "Since June 2015 we see a sharp slowdown in consumption and erratic evolution of the same. Consequently, the consumption of the first quarter had a negative...

Spain: LafargeHolcim to seek different quarry area for Sagunto

05 April 2016, Published under Cement News

Teresa Garcia, environment councillor for the town of Sagunto, Spain, is advising LafargeHolcim to “consider other options” for a new quarry as the coveted area in Pinyal is “an important forest area and head of basin that must be protected.” She also referred to the Valencia Territorial Strategy to support her decision. The original decision, signed in 2009, gave the company the option to open a new quarry in the area to guarantee its future extraction of raw materials and operation of it...

Spanish demand up 8.4% in February

17 March 2016, Published under Cement News

Demand for cement in Spain has grown 8.4 per cent YoY to 891,297t in February, according to the latest figures of Oficemen, the country’s cement association. According to Aniceto Zaragoza, Oficemen’s general director, the data are consistent with the association’s forecast for 2016 which expects the cement market to grow by seven per cent. For the first two months of 2016, demand reached 1,638,713t, representing a 3.9 per cent YoY advance.

Spain: Cementos Molins 2015 profit up 65% YoY

01 March 2016, Published under Cement News

Cementos Molins posted a consolidated net profit of EUR50.8m in 2015, representing a 65 per cent rise YoY. The Spanish cement producer’s overseas companies saw profits rise by 9.3 per cent to EUR64m while the domestic arm continued to note net losses despite a 52.6 per cent YoY improvement. Cementos Molins is currently investing in production units in Mexico, Bolivia and Colombia.It is building a new production line in its Apazapan works in Mexico while in Bolivia the construction of a cem...

Weaker exports reduce clinker production at Toral de los Vados, Spain

22 February 2016, Published under Cement News

Clinker production at Cementos Cosmos' Toral de los Vados factory in Spain declined by 10 per cent in 2015 to 600,840t. The drop in production has been mainly attributed to lower exports. According to the director of the factory, Jaime Santoalla: “Our lack of competitiveness is leaving us out of some export markets. In addition, there is also the economic crisis in Brazil, a country that had become a strategic target for us and has seen a substantial reduction in clinker demand. " In M...

Spain: January cement demand falls 1% in January 2016

19 February 2016, Published under Cement News

Cement consumption in Spain slipped by one per cent YoY to 747,416t in January 2016, according to Oficemen, the country’s cement association. In light of the evolution of last month's data, Oficemen wants to make a fresh appeal to the different public administrations to take into account plans such as Crecimenta 20 · 30, recently released by the cement sector. "It proposed 25 measures to increase production and consumption based on proposals supported by the current context of budgetary r...