Cement News tagged under: Spain
Cemtech's 25th Anniversary Conference & Exhibition02 November 2016, Published under Cement NewsCement professionals from over 40 nations gathered at The Westin Palace, Madrid, to celebrate Cemtech’s 25th Anniversary on 18-21 September. Following major events staged in Dubai and Manila earlier this year, this final celebration marked another successful year of growth for the industry’s leading independent cement conference. Delegates settle down to the first morning presentations in the conference hall Cemtech conferences now span the globe, with annual events in Europe, M... |
Portland Valderrivas board approves Giant 55% sale to Elementia31 October 2016, Published under Cement NewsThe board of Spain’s Cementos Portland Valderrivas has formally approved the sale of a 55 per cent stake in its US unit Giant Cement Holding to Mexico’s Elementia, owned by Carlos Slim, who owns a 35.6 per cent holding in the Mexican company via his Grupo Carso. The deal includes a US$220 capital increase in Giant with subscription rights granted to Elementia, who will extend a loan of US$305m to the US unit. Giant’s parent company, FCC, has also given the go-ahead. Slim’s holding com... |
Spain: Portland Valderrivas quadruples 9M loss25 October 2016, Published under Cement NewsFCC subsidiary Cementos Portland Valderrivas of Spain reported a EUR233.3m loss in the first nine months of 2016, quadrupling its loss noted in 9M15. Revenues stood at EUR429.3m, 1.6 per cent below Jan-Sep 2015, as a result of shrinking markets in Spain and Tunisia, according to the company’s filing with the National Market Commission (CNMV). Cement sales advanced 1.7 per cent, aggregates by 30.8 per cent and mortar by 2.8 per cent, but concrete sales were down 23 per cent. However, EB... |
Spain sees demand fall 3.4% in September14 October 2016, Published under Cement NewsSpanish cement consumption contracted 3.4 per cent in September to reach 973,047t, according to the country’s cement organisation, Oficemen. In the January-September 2016 period demand slipped 2.9 per cent to 8.4Mta. Oficemen CEO, Aniceto Zaragoza, has insisted that the situation remains “very delicate” for the sector and he does not expect the situation to change in the next few months. The association emphasised that investment recovery in infrastructure should be a political priorit... |
Votorantim13 October 2016, Published under Cement NewsThe Votorantim Cementos Spanish subsidiary Cementos Cosmos is to restart cement production at its Oural works in Galicia (Spain) in 2017 following a four-year closure. This is expected to lead to the creation of 40 direct jobs, 50 indirect jobs and a further 300 indirect employment opportunities. |
Votorantim05 October 2016, Published under Cement NewsThe Votorantim Cementos Spanish subsidiary, Cementos Cosmos, is to restart cement production at its Oural works in Galicia (Spain) in 2017 following a four-year closure. This should lead to the creation of 40 direct jobs, 50 indirect jobs and a further 300 indirect employment opportunities. |
Spain: Cementos Cosmos Oural plant to open next year23 September 2016, Published under Cement NewsFollowing the decision to reopen the Oural plant in Galicia, Spain, operated by Votorantim Cimentos-owned Cementos Cosmos, after a four-year stop and previously earmarked for closure, the works is scheduled to restart production next year. The reopening of the plant is expected to lead to 40 new jobs at the site in addition to 50 fixed subcontracts and 300 indirect jobs. Some 1800 job applications for the first 25 posts, which include electrical and electronic technicians, mechanical and c... |
Spain's cement demand resumes growth15 September 2016, Published under Cement NewsSpanish cement consumption increased 3.2 per cent to 930,593t in August when compared with August 2015, according to the country’s cement association, Oficemen. The developments breaks a five-month stint of market contraction. In the first eight months of the year, cement demand has slipped 2.8 per cent to 7.419Mt. "Data from the summer confirm the sector’s new entry into recession, severely affected by the fall in investment in public works, which has already been noted in the decrea... |
Cementos Molins applies to raise tyre use24 August 2016, Published under Cement NewsRecognising 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 loss27 July 2016, Published under Cement NewsCementos 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... |