Cement News tagged under: Spain
European Commission objects to Spanish deal14 July 2014, Published under Cement NewsThe European Commission, the antitrust regulator in Europe, has objected to plans by Cemex to acquire Spanish units held by Holcim. In August last year the two cement majors reached an agreement to conduct a series of transactions to swap and combine assets in parts of Europe with the aim of improving synergies and boosting operating profit. However, a source told Reuters last week that: "The European Commission (EC) has sent a statement of objections to the companies," referring ... |
LafargeHolcim merger: implications for western Europe27 June 2014, Published under Cement NewsWhile the proposed Lafarge-Holcim (LH) merger is widely being regarded as a good fit for the two companies, satisfying competition authorities in a number of key markets where operations overlap is critical for the deal to proceed. In western Europe, the LH tie-up could accelerate the restructuring process already underway by the cement industry to improve regional businesses and any disposals required by the two groups are likely to be surmountable. To satisfy regulatory requirements Lafar... |
Spain: May cement demand down 2.9%24 June 2014, Published under Cement NewsCement consumption in Spain reported a 2.9 per cent drop in May to 978,688t, which is 28,849t less than the same month of last year, domestic cement association, Oficemen has said. The latest figure brings cement consumption for the year to date to 4,229,479t, down 3.5 per cent when compared with January-May 2013. Oficemen said it has been the first May since 1965 that cement consumption did not surpass the 1Mt mark. |
Cementos Molins expects return to profit23 June 2014, Published under Cement NewsCementos Molins expects to be back in the black in Spain thanks to the deceleration of the market slowdown in the country and the development of its business in Mexico. Full-year profits in 2014 are expected to reach EUR30m, according to the company’s CEO, Juan Molins. Last year, the company’s profit were EUR10m, 77 per cent less than the year prior, mainly due to positive figures returned by its foreign operations, which offset losses in Spain. Cementos Molins had an operating profit of ... |
Cemex opens new Spanish distribution centre04 June 2014, Published under Cement NewsCemex opened a new distribution centre on Tuesday in Rubi, a city located 25km from Barcelona. Cemex Spain CEO, Jaime Ruiz de Haro, and Rubi Mayor, Carme Garcia cut the ribbon during the official inauguration of the new facility. The center will distribute cement and other materials, allowing the company to serve new customers and markets. "We are the top producer of white cement in the world and the No 3 producer of grey cement, and centres like this allow us to get closer (to our c... |
Cemex to open export terminal in Italy to boost Spanish operations03 June 2014, Published under Cement NewsCemex intends to give its Spanish operations a boost through the construction of a cement export terminal in Italy. The facility will also serve as an export base from other European plants, particularly to north Africa. Cemex plans to raise its share of exports from Spain from 35 to 60 per cent to counteract the slowdown in the domestic market. The ongoing downturn in the Spanish market, where demand is around 11Mt, has caused a considerable overcapacity as cement producers currently... |
Cementos Cosmos lodges alternative fuels appeal23 May 2014, Published under Cement NewsCementos Cosmos has lodged an appeal with Andalusia’s Committee of Environment and Spatial Planning as the cement producer was denied an amendment to its Integrated Environmental Authorisation for the Niebla plant. The amendment, if granted, would allow Cementos Cosmos to burn waste-derived fuel, replacing fossil fuels. Cementos Cosmos is appealing on the grounds that the burning of such fuel would not materially alter the purpose of the plant, ie as producer of cement, and therefore, there... |
Cementos Molins posts 1Q14 net profit of EUR6.5m21 May 2014, Published under Cement NewsSpain-based Cementos Molins released its first-quarter 2014 results, showing a net consolidated profit of EUR6.5m, up 37 per cent when compared to 1Q13. The group’s domestic companies saw a loss of EUR7.4m although they ‘improved’ their YoY results by increasing clinker exports and implementing cost-cutting measures, helping to mitigate the effect of lower sales in Spain. Cementos Molins’ overseas subsidiaries posted a net profit of EUR14m on the back of increased sales by Corporación M... |
Spanish consumption decreases 5.6%15 May 2014, Published under Cement NewsSpanish cement association Oficemen has revealed that domestic cement demand fell by 5.6 per cent in April to 858,920t when compared with the same period last year. In the first quarter, consumption reached 3,260,547t, representing a 3.4 per cent YoY decline. |
Alfonso Gallardo Group sells cement business02 May 2014, Published under Cement NewsAlfonso Gallardo Group is to sell its cement and paper business to focus on the iron and steel sector to ensure its viability, according to a statement by the group. The company signed a refinancing agreement with the majority creditor banks and venture capital firm Kohlberg Kravis Roberts (KKR). The group will divest from Cementos Balboa, located in Alconera (Badajoz), as well as Papresa in Rentería (Guipúzcoa), and reduce its debt by around EUR500m. |