Cement News tagged under: Spain
Further Spanish cuts ahead19 September 2012, Published under Cement NewsThe Spanish cement sector is facing more job cuts and possible further restructuring measures as local cement consumption continues to tumble. Management of Cementos Lemona presented yesterday a job-cutting plan, which will affect 34 employees at the company's plant in the Basque country, according to trade union ELA. Local newspaper Expansion reported that the measure is part of the viability plan of cement group Portland Valderrivas, which controls Cementos Lemona. The group is t... |
Spain: eight month consumption down 34.3% YoY18 September 2012, Published under Cement NewsSpanish cement consumption for the first eight months of 2012 has declined by 34.3 per cent YoY to 9.56Mt, according to the latest data from Spanish cement association Oficemen. In August alone, demand was down 33.6 per cent YoY to 1.13Mt. Exports, on the other hand, increased by 48.9 per cent compared to the same month of 2011. In the last 12 months, exports have totalled 5.22Mt (of which clinker accounted for 2.51Mt), representing growth of 31.7 per cent YoY. Imports are down 48.9 per ... |
Cementos Blancos leases Azuara plant to Cemex, Spain05 September 2012, Published under Cement NewsSpanish cement producer Cementos Blancos de Aragon (CBA) has signed an agreement to lease its plant in Azuara to Cemex, according to local press reports. Through the move, CBA aims to repay EUR30m syndicated loan to a pool of banks including La Caixa Banco Popular and Banco Sabadell. Cemex, meanwhile, intends to relocate the plant’s equipment to its other production facilities in Spain, sources told Cinco Dias. The newspaper also reported that Cemex is set to announce this week a do... |
Iberian impairments push Cimpor into a loss31 August 2012, Published under Cement NewsCimpor’s first half turnover declined by 5.5 per cent to €1086.8m, as the deterioration in Spain, Portugal and China could not be compensated for by improvements elsewhere. EBITDA was down by 15.3 per cent to €267.4m. The deterioration on the Iberian peninsula led to provisions of €270m being taken in respect of the Spanish assets and a further €20m against the downstream assets in Portugal, giving a total value adjustment charge of €407.2m compared with €117m. This led to a trading loss ... |
Barcelona cement and clinker exports rise03 August 2012, Published under Cement NewsCement and clinker exports from the Port of Barcelona have increased by 435 per cent during the first half of this year from a low base. A total of 684,255t of volumes were exported in the six months to June compared to 127,891t in 2011. The main export destinations Algeria, Nigeria, Ivory Coast, Togo, Uruguay, Brazil, Guinea, UK and Puerto Rico. Domestic cement producers are placing a special emphasis on trying to achieve higher exports as domestic cement consumption continues to ... |
Cementos Portland Valderivvas increases loss27 July 2012, Published under Cement NewsSpanish cement producer Cementos Portland Valderrivas reported a loss of EUR48.6m for the first half of 2012, versus a loss of EUR5m from a year earlier. The negative performance was explained with the depressed levels of domestic consumption. Portland Valderrivas has recently reached an agreement with the trade unions to cut 250 jobs. Abstracted from an original article in Expansion |
Cementos Portland to cut 250 jobs, Spain26 July 2012, Published under Cement NewsSpanish cement producer Cementos Portland Valderrivas is to cut 250 jobs throughout its Spanish operations after the summer and will temporarily halt production of plants in the Catalonia region. Spanish press have reported that an agreement on these measures has been made between management and trade union members. Some 160 jobs will be cut through retirement plans for people aged 58 and above. Another 60 employees will occupy new positions while 30 can opt to move to relocate to othe... |
New order for Cemengal in East Africa18 July 2012, Published under Cement NewsEPC contractor Cemengal of Spain has been awarded a new contract for its Plug & Grind® ball mill technology by a customer in East Africa. The Plug & Grind is set to be operational by spring 2013. Cemengal said the new unit will “allow our Client to penetrate into the market rapidly, while minimising cement production and distribution costs.” Among the benefits of the Plug and Grind system are its quick erection time, flexibility and reduced operational costs, Cemengal said in a statement. |
Cementos Portland Valderrivas extends credit line, Spain18 July 2012, Published under Cement NewsCementos Portland Valderrivas has reached an agreement with its creditors to extend by end-July the maturity of a EUR-340m credit line, due to expire yesterday. The company has intention to refund its debt standing at EUR1.4bn. (Source: Cinco Días) |
Spanish cement consumption drops 34.7% in 1H1213 July 2012, Published under Cement NewsCement consumption in Spain plunged 34.7 per cent YoY to 7.2Mt in the first-half of 2012, latest data from the domestic cement association Oficemen showed and the outlook for the remainder of the year is not any more promising. For the full year, Oficemen expects consumption to decline by 25% to around 15Mt, representing a 73 per cent fall of highs reached in 2007 (56Mt). The industry could witness per capita consumption of 325kg – levels not seen in the country since 1964 and even more ... |