Cement News tagged under: Spain
Spain: cautious outlook maintained14 April 2014, Published under Cement NewsCement demand in Spain registered its first monthly growth since the recession started as it reached 875,000t in March, up 16 per cent YoY, according to Oficemen data. However, the increase has been attributed to a weaker comparative period, with the Easter holiday falling in March last year resulting in few working days. Moreover, March 2013 was one of the wettest in history, further hampering building activity last year. March 2014, on the other hand, has experienced much milder weather... |
Cemex to appeal Spanish fine07 April 2014, Published under Cement NewsCemex said Spanish tax authorities have fined its Spanish subsidiary EUR455m (US$620m) following an audit of the unit's tax returns for the years 2006 through 2009. Cemex Espana plans to appeal the fines, the company said Friday in a filing with the Mexican Stock Exchange. If the appeals are not resolved in the company's favor, this matter "could have a material adverse impact on our operating results, liquidity and financial situation," Cemex added. The Spanish unit of Cemex h... |
Holcim Spain issues new ERE02 April 2014, Published under Cement NewsHolcim Spain has presented a new record of employment regulation (ERE) that will affect 141 staff. While Holcim is reported by construction organisation Fecoma to have plans to sell its Gádor (Almería) cement works, the ERE mainly affects workers in the concrete mortar and aggregates divisions. The adjustment in its workforce is part of ongoing changes made in recent years by several Spanish cement makers, including Cemex and Cementos Portland. Spain’s cement sector has made considerab... |
FCC to increase stake in Cementos Portland to 78%28 March 2014, Published under Cement NewsFCC will increase its participation in Spain-based cement producer Cementos Portland from 69.8 to 78 per cent. The transaction will be carried out by a capital increase of EUR111m through the capitalisation of a EUR100m subordinated loan granted by FCC. The capital increase will result from the issuance of 13,878,094 new ordinary Cementos Portland shares, representing EUR1.50 par value each with a premium of EUR6.50/share, for a total of EUR8. The capital increase is expected to take plac... |
Mexico and Argentina impact 2013 Molins results03 March 2014, Published under Cement NewsThe market contraction in Mexico and a devaluation of the Argentine peso impacted the annual results of Cementos Molins. The Spanish company saw profit fall by 77 per cent to EUR10.1m although this is not comparable with the EUR20m of the previous year as the cement producer sold its stake in Cementos Artigas of Uruguay. Consolidated turnover noted a 9.4 per cent drop to EUR832m. Foreign companies accounted for 80 per cent of Cementos Molins consolidated profits. The Mexican and Argenti... |
Cemex closes 2013 with zero accidents in its Spanish works21 February 2014, Published under Cement NewsCemex celebrated the end of 2013 with a zero-accident rate in its 65 Spanish work sites. The company attributes the success to its “Zero Accident” campaign, started in 2007. In some works, new records were set in terms of days without accidents. For instance, the cement works of Buñol in Valencia registered not a single accident since May 2010. ? ?"All the effort we have been making for years with awareness campaigns, training through visits involving safety, risk warnings cards, etc ... ... |
Cementos Cosmos restarts Toral kiln, Spain20 February 2014, Published under Cement NewsAfter a two-month shutdown and an investment of around EUR2m, Cementos Cosmos has lit the kiln at its Toral de los Vados plant following an upgrade project. The works were carried out to increase the efficiency and competitiveness of the facility and include a remodelling of the kiln to reduce energy consumption. The project has brought Toral, which celebrates its 90th year of continued operation, up to date and transformed it into a modern and efficient works. |
Lacklustre start to year for Spain19 February 2014, Published under Cement NewsSpanish cement producers can only hope for a better 2014 as demand figures for January 2014 show a 13.6 per cent fall to 764,011t, according to the country’s cement association, Oficemen. However, the rate of market contraction appears to be slowing somewhat. Over the past 12 months, consumption fell by 18.7 per cent. But recovery seems some time away as the result is worse than predicted. Oficemen had indicated in December that it expects a 7-8 per cent decrease for 2014. |
Spanish cement demand drops 19% in 201329 January 2014, Published under Cement NewsThe Spanish cement market contracted by a further 19.2 per cent in 2013, bringing national cement consumption to 10.981Mt from 13.597Mt the previous year, according to Oficemen, the cement association of Spain. The country’s cement producers, who experienced the sixth-consecutive year of double-digit decreases, were forced to rein in output by 14.9 per cent, producing 13.17Mt during the year. Exports, which provided a lifeline against slinking domestic sales, saw a notable slowdown in ... |
Cemex to export 100,000t white cement from Sagunto22 January 2014, Published under Cement NewsMexico-based cement producer Cemex anticipates it will export 100,000t of white cement through the port of Sagunto, Spain. A first shipment is expected to leave the port for Greece, carrying 4500t of cement. A second dispatch will deliver a similar volume in big bags. White cement demand has experienced a surge in north African countries as the material is enjoying growing popularity in the construction of both public and private buildings, according Carlos Moreno, Cemex Levante’s directo... |