Cement News tagged under: Spain
Cementos Molins signs novation of syndicated sustainable financing16 November 2021, Published under Cement NewsCementos Molins signed a renewal of its sustainable syndicated financing for the group and affiliates in Spain, which was formalised in 2019. The novation continues to be classified as a “sustainability-linked loan” extends the maturity by two years until December 2026. In addition, the agreement now has a limit up to EUR300m, of which EUR75m as a term loan and EUR225m as revolving credit facility. All other terms and conditions remain unchanged. The financing, which was the first sustaina... |
Çimsa joins Oficemen16 November 2021, Published under Cement NewsÇimsa has joined the Spanish cement manufacturers association, Oficemen. The Turkish company has recently started its production activity in Spain, after the acquisition of the white cement factory in Buñol, Valencia, from the Mexican group Cemex. With a production capacity of nearly 0.6Mta, the Buñol plant is among the most technologically advanced in Europe. "With the integration of the Buñol factory into our production and distribution networks, we will increase our white cement p... |
HeidelbergCement sells southern Spanish assets to Votorantim11 November 2021, Published under Cement NewsAfter having announced to sell regional businesses in Catalonia, Madrid, Asturias and on the Balearic Islands, HeidelbergCement now signed a contract to sell its southern Spain business to Votorantim Cimentos. The sale includes the 1.4Mta integrated cement plant in Malaga, three aggregate sites, and 11 ready-mixed concrete sites in Andalusia. Both companies have agreed not to disclose the purchase price. "With this transaction, Votorantim Cimentos strengthens its business in Sp... |
Cementos Molins completes Calucem acquisition04 November 2021, Published under Cement NewsCementos Molins has successfully closed the acquisition of Calucem, announced in early August, following all regulatory approvals, according to the company. Julio Rodríguez, CEO of Cementos Molins, highlights: “I warmly welcome the Calucem team into the Cementos Molins family. Today marks a new and exciting milestone in the history of Calucem and Cementos Molins and, with this integration, we have excellent business development opportunities for a new step forward to our strategy of profit... |
Cement market in Spain expands 4% in September21 October 2021, Published under Cement NewsCement consumption in Spain advanced 4.4 per cent to 1,305,861t in September 2021 when compared with the equivalent period in 2020, according to Spain's cement association, Oficemen. In the first nine months of the year, demand increased to 11,127,341t, up 12 per cent YoY. Exports from Spain in September 2021 declined 5.9 per cent to 482,241t when compared with September 2020. However, in the 9M21 there was a 22 per cent increase YoY. Imports expanded by more than 10 per cent in the Janu... |
Votorantim Cimentos completes Cementos Balboa acquisition18 October 2021, Published under Cement NewsBrazil-based Votorantim Cimentos, through its Spanish subsidiary Corporación Noroeste, has announced the acquisition of Cementos Balboa. Cementos Balboa has a modern integrated cement plant located in Alconera, in the province of Badajoz, with an installed production capacity of 1.6Mta. With this facility, Votorantim Cimentos complements its current operations in Spain and expects to increase its operational efficiencies, accelerate its decarbonisation roadmap and enhance its distribution... |
UNACEM acquires Cementos La Union's operations in Chile11 October 2021, Published under Cement NewsSpain-based Cementos La Unión has closed a deal to sell its operations in Chile to UNACEM, following approval from the National Economic Prosecutor of Chile (FNE) last March. The transaction is valued at US$23m, which includes both the value of the purchase and the existing debt of the subsidiary. The acquisition will see the transfer of a 300,000tpa grinding and packing plant located in San Antonio, Valparaíso region, as well as two concrete plants. |
HeidelbergCement divests Spanish assets to Cemex05 October 2021, Published under Cement NewsHeidelbergCement pushes forward its portfolio optimisation programme, and has signed agreements to sell its regional aggregates and ready-mixed concrete businesses in the regions of Catalonia, Madrid and Asturias as well as its ready-mixed concrete business on the Balearic Islands to different buyers. The assets acquired by Cemex from HeidelbergCement include a limestone quarry with a waste management operation serving Madrid and three concrete plants in the Balearic islands. Di... |
Oficemen appoints new president04 October 2021, Published under Cement NewsJosé Manuel Cascajero Rodríguez, president of Cemex España Operations, has been elected president of Oficemen. He succeeds Victor García Brosa. He will lead the Spanish cement sector’s initiatives to address the challenges highlighted by the COVID-19 pandemic. “The Spanish cement industry has once again demonstrated, since the beginning of the pandemic, its essential character for the maintenance and recovery of our economy. Today, more than ever, the Spanish cement sector plays a key role... |
Spanish cement consumption rises 13% in 8M2001 October 2021, Published under Cement NewsCement consumption in Spain has grown by 13 per cent YoY in the first eight months of the year, reaching 9,581,951t, says Oficemen, Spain's cement association. In the current scenario, Oficemen estimates that the year will close with growth of nine per cent, when compared to 2020. This would consumption to reach 14.6Mt, similar to the 14.72Mt reported for 2019, the last year not affected by restrictions due to the COVID-19 pandemic. The forecasts for 2021 would be in line with t... |