Cement News tagged under: Spain
FCC triples loss but cuts debt by third in 201607 February 2017, Published under Cement NewsSpain’s FCC closed 2016 with a net loss of EUR165.2m, trebling losses when compared with the previous year. The result was attributed to the impact of the cement business and the exchange rate on the environmental services business the company owns in the UK, the company’s second-largest source of income after Spain. For the company it means the fifth-consecutive year of losses. FCC attributed the 2016 result mainly to the adjustment of value made in the goodwill of the cement division, f... |
Portland Valderrivas notes 7.6% fall in turnover in 201603 February 2017, Published under Cement NewsPortland Valderrivas saw its turnover decrease 7.6 per cent YoY to EUR536.2m in 2016. The company recorded a net loss of EUR-120.4m, from a net profit of EUR28.6m in 2015. In addition, an EBITDA of EUR-226.4m was posted at the end of 2016, exacerbating the loss of EUR-73.2m reported the prior year. Cement sales slipped 1.7 per cent from 7.3Mt in 2015 to 7.2Mt in 2016 while the concrete division noted a 10.2 per cent drop in sales to 225,000m3. Aggregate sales increased by +26.4 per cent t... |
Spain: domestic cement consumption falls 3.1% in 201631 January 2017, Published under Cement NewsSpain's total cement consumption for 2016 reached 11,140,639t, down more than 350,000t compared to 2015 and representing a 3.1 per cent YoY fall. December's monthly figure was equally as poor, down 3.8 per cent YoY to 804,372t. Disappointing domestic sales were offset, albeit only in part, by a growth in export volumes of 5.6 per cent to 9,782,631t. "After almost a decade of deep crisis, the outlook for 2017 is very worrying," explains the president of Oficemen, Jaime Ru... |
Cementos Molins expects to raise AF use to 39%27 January 2017, Published under Cement NewsCementos Molins plans to raise alternative fuel use at its Sant Vicenç del Horts plant near Barcelona, Spain, from 34 to 39 per cent of the fuel mix this year. The step is expected to reduce fuel costs by EUR1.2m annually. The increase is made possible due to considerable use of waste tyres to replace petcoke, the fuel most commonly used in the plant. However, for the plan to go ahead, the authorities have to approve the modification to the plant’s current permit to use up to 115,000t of... |
Oficemen: plant closure possibility if power price continues to rise27 January 2017, Published under Cement NewsOficemen warned of a potential closure of cement plants and stoppages if the price of electricity in Spain continues to rise and cement production becomes more expensive, endangering the competitiveness of Spanish cement in the export markets. Power accounts for around 30 per cent of production costs. "If the export market is not viable due to the increase in electricity costs, we will not be able to maintain production levels as they are now and plants dedicated to exports will be closed... |
Spanish cement market contracts 3.1% in 201626 January 2017, Published under Cement NewsCement demand in Spain closed at 11,140,639t in 2016, representing a 3.1 per cent YoY fall, according to Oficemen, the country's cement association. In December, domestic cement consumption dropped 3.8 per cent to 804,372t when compared with December 2015. Exports have to some extent offset the contraction of the Spanish market, rising 5.6 per cent YoY to 9,732,631t. Oficemen expects the market to stagnate in 2017 with growth below one per cent, depending on the trend in residential c... |
Spain: Port of Seville quadruples cement shipments in 201620 January 2017, Published under Cement NewsThe Port of Seville, Spain, increased its throughput of cement by 481 per cent to 74,200t in 2016. In addition, the port has expanded its business lines and diversified goods accepted by the port. This includes since the start of this year the shipment of clinker, which was previously shipped by other ports in Andalucia. The port’s location close to Portland Valderrivas’ Alcalá de Guadaíra plant has also proved beneficial for such shipments. |
Spain: LafargeHolcim Valencia plant cuts production13 January 2017, Published under Cement NewsLafargeHolcim's cement plant in Sagunto, Valencia, Spain, cut production by almost 10 per cent in 2016 in response to the import restrictions imposed by Algeria, its biggest market. The group is exploring its options to sell the Valencia product cement elsewhere, with Colombia being a potential buyer. In addition, LafargeHolcim holds a permit to extract sand and gravel from the Salt de Llop quarry, but this is due to expire in December 2017. The municipal government in Sagunto is repor... |
Oficemen: full-year cement demand in Spain expected 3% down20 December 2016, Published under Cement NewsCement demand in Spain edged up 0.6 per cent YoY in November to 1,008,191t, according to the country's cement association, Oficemen. In the January-November period, consumption fell three per cent YoY to 10.336Mt. The association expects full-year domestic cement sales to be down three per cent when compared to 2015. "The electricity price has risen more than 80 per cent from April to October and leaves us at the edge of the abyss in the international markets," explains the CEO of Oficeme... |
Spain: demand sees 7% YoY decrease in October 201618 November 2016, Published under Cement NewsCement consumption in Spain fell 7.2 per cent YoY in October to 936,568t, according to the Spanish cement association, Oficemen. For the first 10 months of 2016, cement demand has fallen by 3.4 per cent YoY to 9,328,077t – 324,831t less than in 10M15. Oficemen expects full-year cement consumption to fall by over three per cent. |