Cement News tagged under: Spain
Spain's cement market contracts 2.3%23 May 2017, Published under Cement NewsCement demand in Spain fell 2.3 per cent YoY to 917,152t in April, according to data by Oficemen, the country’s cement association. Exports decreased by 5.5 per cent YoY, just surpassing the 0.76Mt mark. In the first four months of the year, domestic consumption increased 9.6 per cent when compared with 4M16, reaching 3,786,705t. However, exports declined 8.6 per cent to 2,855,090t. "The fall in consumption has been motivated, in part, by the calendar effect, since this year in April ... |
Cementos Molins to raise capacity by 4.4Mta09 May 2017, Published under Cement NewsIn the next three years Cementos Molins plans to invest EUR350m to increase its capacity by 4.4Mta. The company currently has projects in Argentina, Colombia and Bangladesh. In Argentina the company will invest EUR100m in its joint venture with Votorantim, Cementos Avellaneda. The sum represents about half the investment required to add 0.2Mta at the Olavarría unit this year and expand capacity at the San Luis works to 0.9Mta by 2019. Meanwhile, in Colombia Cementos Molins and its pa... |
Cementos Molins sees 33% profit rise in 1Q1703 May 2017, Published under Cement NewsSpain's Cementos Molins saw its profit rise 33.2 per cent YoY to EUR20.5m in the first quarter of 2017 due to an increase in sales and a positive trend in prices. However, net profit, which reached EUR1.2m, was negatively affected by currency depreciation, particularly the Mexican peso. Revenues advanced 20.6 per cent YoY to EUR194.1m while gross operating profit rose 27 per cent YoY to EUR49.4m. The company attributes this to he rebound in sales and prices, "despite the fact that pro... |
Spanish demand jumps 22% YoY in March21 April 2017, Published under Cement NewsCement consumption in Spain soared 21.5 per cent YoY in March to 1.1Mt as the housing sector showed some recovery, according to Oficemen, the country’s cement association. In 1Q17 Spanish cement demand increased 14.1 per cent YoY to 2.86Mt, resulting in the best first quarter of the last five years. At the end of last year, consumption fell 3.1 per cent YoY and was at an historical low. These data are being met with "optimism", but with "caution", given the "absolute low starting valu... |
Spain: Cementos Cosmos stops cement exports20 April 2017, Published under Cement NewsCementos Cosmos is ceasing cement exports from its Niebla plant. The company has attributed the move to rising petcoke prices that are eroding the competitiveness of the works in the international market. However, the company has been undertaking steps to increase its use of alternative fuels to 20 per cent of the fuel mix. This would allow the plant to reduce its EUR7m fuel bill. Votorantim, who owns the cement company, is currently waiting for the necessary changes to be made to the Gen... |
Votorantim sees cement revenues fall 10% YoY in 201619 April 2017, Published under Cement NewsVotorantim, formerly Votorantim Industrial, generated a turnover 8.7 per cent lower at BRL26,738m (EUR8046m) and EBITDA declined by some 38 per cent to around BRL4300m (EUR1,294m) in 2016 when compared with 2015. Although the net interest charge declined by 9.9 per cent to BRL1731m, there was a net loss of BRL1295m compared with a the net profit fell of BRL387m (EUR116.5m). Group capital expenditure was 6.2 per cent lower at BRL3031m (EUR912m), of which cement represented BRL27.3m. Brazil... |
Spanish cement market starts 2017 with good growth17 March 2017, Published under Cement NewsSpain's cement market expanded by 4.2 per cent YoY in February 2017 when sales reached 910,252t, according to Oficemen, the Spanish cement association. However, exports fell by around nine per cent to 611,000t. "We consider that this slight increase in the consumption of cement is an unexpected and punctual data, due to the volatility of the market," says Oficemen General Director, Aniceto Zaragoza. "To this we have to add with concern, that the current motor of the construction sector, t... |
Holcim to invest EUR900,000+ in Carboneras in 201724 February 2017, Published under Cement NewsHolcim has earmarked EUR900,000 to carry out a series of capex projects in 2017 at its Carboneras plant in Spain. Projects will include a system for collecting and treating rainwater and improve the roofing on some material storage areas. In 2016 the Carboneras works has invested more than EUR120,000 in various initiative to reduce its environmental impact and in best-available practice technology, including the installation of a new wastewater treatment plant, optimisation of bulk handli... |
The world in 2016 and outlook for 201710 February 2017, Published under Cement NewsThis year will be a challenging year for the multinational cement companies, which are now faced by uneven economic performance in the emerging markets, combined with a new era of global political uncertainty that could further destabilise markets. On balance, however, global growth looks set to be anchored by positive trends in the major markets of China, India and the US, more than offsetting the poor performance elsewhere. The large cement majors have spent years diversifying their por... |
Spanish producers adapt to survive10 February 2017, Published under Cement NewsSpain's road back to high cement volumes seems a rather tortuous journey with Fomento de Constructions & Contratas (FCC) announcing a net loss of EUR1625.2m this week for its close of business in 2016. While the financial impact being felt on Spanish producers is extenuated with exchange rate fluctuations, the report also highlighted that construction business for the company was down 17 per cent in its domestic market, while the Spanish building market had fallen by 35.4 per cent for the c... |