Cement News tagged under: Spain
Cementos Portland Valderrivas revises 2012-21 business plan, Spain09 May 2013, Published under Cement NewsSpain's leading cement producer, Cementos Portland Valderrivas, has revised its business plan for 2012-21 after recording a loss of EUR27.7m in the first quarter of 2013. The company, which is controlled by the contracting group Fomento de Construcciones y Contratas, has announced its intention to dispose of non-core assets and temporarily close plants due to the continuing decrease of the cement demand. The adjustment measures will also include cuts to salaries. In response to the weak ... |
Cementos Molins first-quarter profit down by 53%03 May 2013, Published under Cement NewsSpanish cement maker Cementos Molins reported a 53 per cent on the year drop in its profit for the first quarter of 2013 to EUR4.7m, mainly due to the losses sustained by the domestic market. Spanish subsidiaries closed the quarter with a EUR10.96m loss, 47 per cent more than the previous year. Consolidated turnover reached EUR195m with income falling by 18 per cent in the Spain and 6.6 per cent in overseas markets. The company, which operates a cement plant in the Catalan capital o... |
Catalonia output declines, Jan-March 201319 April 2013, Published under Cement NewsCement output in Catalonia stood at 474,832t for January-March 2013, down 42.7 per cent on the year, data from the local cement makers' association Ciment Catala showed. According to the association, this year will be the sixth year in a row with a drop in the output with exports also in decline. (Source: Expansion) |
CRH names five representatives to Cementos Lemona board, Spain16 April 2013, Published under Cement NewsCRH has named five representatives to the board of directors of Spanish cement producer Cementos Lemona. In February, CRH acquired Cementos Lemona in exchange for its 26.4 per cent stake in Cementos Portland Valderrivas. The five new members joined the board after a recent extraordinary shareholders meeting. Minority shareholders will not have representatives on the board. Cementos Lemona has a 1.25Mta cement capacity near Bilbao, Spain, and operates Southern Cement in Ipswich, England. |
Cementos Portland considers Spanish plant closure22 March 2013, Published under Cement NewsCementos Portland is considering the closure of one of its plants in Spain, due to the continued downturn in the Spanish cement market. Juan Bejar CEO of the company’s majority shareholder FCC, said the move could affect one of the three factories in northern Spain or one of the two plants in the Catalonia region, local newspaper Expansion reported. The company will also have to adjust its staffing levels in its concrete and aggregate divisions. |
Spain's February consumption down 25%20 March 2013, Published under Cement NewsThe downward trend in Spanish cement demand shows no signs of abating as cement consumption in fell 25 per cent in February, the latest data by domestic association Oficemen shows. Consumption last month fell to 863,950t some 289,000t less than in February 2012 when it was 1.152Mt. Over the first two months of 2013, accumulated demand was 1.757Mt, some 23.3 per cent less than the same period last year (2.29Mt) Production in February was 988,296t, a YoY decline of 23.7 per cent from ... |
Cementos Molins to reduce workforce15 March 2013, Published under Cement NewsSpain-based cement producer Cementos Molins is to cut 56 jobs at its St Vicenc dels Horts works due to the ongoing crisis in the domestic construction market. The cutbacks will reduce the total number of employees at the plant by 29.3 per cent, according to reports in Cinco Días. |
Italcementi incurs substantial trading losses in Italy and Spain06 March 2013, Published under Cement NewsItalcementi has reported a 2012 trading loss compared to a profit in 2011 as the Italian cement major incurs substantial losses in its domestic market and Spain. Italian prices, however, see important improvements. Turnover for the year declined by 3.8 per cent in 2012 to €4480.1m but underlying EBITDA was down by 9.8 per cent to €632.4m. After an impairment charges that jumped from €134.3m to €309.4m, last year's trading profit of €138.9m was turned into a €150.9m loss. Net financial ... |
Cementos Portland books capital gain from stake swaps, Spain28 February 2013, Published under Cement NewsSpain-based cement producer Cementos Portland Valderrivas has booked a capital gain of EUR115.6m following the asset swap of its shareholding in Cementos Lemona for Cementos Uniland with CRH. The capital gain was divided into two lots: the first, totalling EUR100m, came from the exchange of the shares owned by Portland in Lemona for a 26.3 per cent stake in Uniland. The other EUR15.6m came from the sale of Cementos Portland's 100 per cent ownership in the capital of UK cement terminal So... |
CRH and Cementos Portland Valderrivas confirm asset swap agreement26 February 2013, Published under Cement NewsCRH plc and Cementos Portland Valderrivas SA have reached agreement on an asset swap in relation to certain Spanish assets, effective immediately. The deal involves operations in Spain and the UK. CRH said in a statement that it will transfer its 26 per cent stake in Corporacion Uniland SA to CPV. In consideration, CPV will transfer its 99 per cent stake in Cementos Lemona SA to CRH. Cementos Lemona is an integrated cement, ready-mix and aggregates business located close to Bilbao ... |