Cement News tagged under: Spain
Votorantim05 January 2016, Published under Cement NewsVotorantim subsidiary St Mary’s Cement is proposing to spend around US$130m to a kiln expansion and modernisation programme at its works at Charlevoix, Michigan, USA. This is expected to increase the capacity from the current 1.4Mta to 2Mta. Elsewhere, Votorantim’s Spanish subsidiary, Cementos Cosmos, has celebrated three accident-free years as the parent company spent in excess of EUR1m to improve the company’s health and safety record. |
Spain: Matteo Rozzanigo appointed new president of AFCA24 December 2015, Published under Cement NewsMatteo Rozzanigo, CEO of the Spanish arm of FYM-Italcementi, has been appointed as new president of the Andalusian cement producers’ association (AFCA). Mr Rozzanigo graduated from the Universidad Politécnica de Milán as industrial engineer and held posts mainly in Italcementi as Near East Director and also held directorships in International Development and Near East Development. He succeeds Isidoro Miranda, CEO of Lafarge Holcim Spain. AFCA includes key Andalusian cement companies such ... |
Spanish demand to November increases 5%23 December 2015, Published under Cement NewsSpain’s cement market has expanded by 5.2 per cent YoY to 10,573,572t between January-November 2015, according to Oficemen, the country's cement association. In November alone, demand rose by 13.8 per cent to 1,008.789t, helping to boost full-year forecasts. For 2015, the association expects domestic consumption to reach some 11.3Mt, representing an increase of around five per cent YoY. "In line with our forecasts, 2015 it was a year marked by strong volatility in the figures, on a ver... |
Cementos Cosmos celebrates three accident-free years22 December 2015, Published under Cement NewsSpain’s Cementos Cosmos is celebrating three years without accidents among its workers. The Córdoba works has implemented several preventative measures over this period and its parent company, Votorantim Cimentos, has invested more than EUR1m in equipment and training to improve the company’s health and safety record. Occupational safety and health are a priority for the group, which has implemented out various prevention and awareness initiatives. For instance, the Córdoba works has init... |
Estanda supplies LafargeHolcim plant in Nigeria01 December 2015, Published under Cement NewsEstanda has supplied a LafargeHolcim cement plant in Nigeria with new designs for more efficient dip tubes, the Spanish equipment supplier said in a statement. The project, which was for the supply of the dip tubes and supervision during their assembly, included an initial stage of total component redesign and modifying dimensions and materials used by the client to adapt to the technical recommendations provided by Estanda. The proposed solution will prevent wear and low-durability issue... |
Spanish consumption sees October drop18 November 2015, Published under Cement NewsCement demand in Spain fell by 2.4 per cent in October 2015 to 1.025Mtt, or 23,716 below the October 2014 level. In the first 10 months of 2015, domestic cement consumption increased 4.3 per cent YoY to 9.56Mt. "The latest data is a significant setback for our industry, which has seen the growth rate of 8.6 per cent noted in the first half year halve in just four months, " said the CEO of Oficemen, Aniceto Zaragoza. |
Cementos Portland to refinance EUR817m debt, reports 9M15 results12 November 2015, Published under Cement NewsCementos Portland is currently analysing “various alternatives” to refinance EUR817m of debt, 59 per cent of its total liabilities, which expires in 2016. "The debt refinancing of the syndicated loan that matures in 2016 is ongoing and the company works in different scenarios with FCC in a coordinated way," said the cement maker on the occasion of the presentation of its quarterly results. Cementos Portland’s debt restructuring process runs in parallel with the plan of FCC to repay EUR45... |
Spain: Cementos Molins 9M net profit rises 38%06 November 2015, Published under Cement NewsSpain's Cementos Molins registered a net profit of EUR41.9m in the first nine months of the year, up 37.6 per cent YoY, according to the company. Total sales reached EUR473m, an increase of nearly 22 per cent YoY while operating profit reached EUR19.07m, advancing 1.9 per cent when compared with a year ago. The “negative result” for Spain was more than offset by its operations abroad, which contributed EUR51m. While Cementos noted improved results in the 3Q15 due to a pick-up in the d... |
LafargeHolcim reportedly plans to launch downsizing plan in Spain29 October 2015, Published under Cement NewsLafargeHolcim plans to launch a downsizing plan for 15 per cent of its workforce in Spain, according to local press reports. The launch of the downsizing plan was attributed to the difficulties that the company faces in Spain, due to the low cement demand in the country and the overlapping of workforces following the merger of Lafarge and Holcim, market sources said. LafargeHolcim currently has a workforce of 1000 employees in Spain and its annual revenues in the country amount to EUR300... |
Spain: monthly demand up but slowdown noted23 October 2015, Published under Cement NewsSpain’s cement consumption in the first nine months of 2015 increased by 4.8 per cent, but the growth rate decelerated in the past three months, according to Oficemen, the country’s cement association. At the end of June 2015, the market expanded by 8.6 per cent. The slowdown in growth has been attributed to a drop in public works. While September demand posted an increase of 3.1 per cent to 982,379t, the CEO of Oficemen, Aniceto Zaragoza expressed his concern: "We are witnessing with gre... |