Cement News tagged under: Spain

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Votorantim sees cement revenues fall 10% YoY in 2016

19 April 2017, Published under Cement News

Votorantim, formerly Votorantim Industrial, generated a turnover 8.7 per cent lower at BRL26,738m (EUR8046m) and EBITDA declined by some 38 per cent to around BRL4300m (EUR1,294m) in 2016 when compared with 2015. Although the net interest charge declined by 9.9 per cent to BRL1731m, there was a net loss of BRL1295m compared with a the net profit fell of BRL387m (EUR116.5m). Group capital expenditure was 6.2 per cent lower at BRL3031m (EUR912m), of which cement represented BRL27.3m. Brazil...

Spanish cement market starts 2017 with good growth

17 March 2017, Published under Cement News

Spain's cement market expanded by 4.2 per cent YoY in February 2017 when sales reached 910,252t, according to Oficemen, the Spanish cement association. However, exports fell by around nine per cent to 611,000t. "We consider that this slight increase in the consumption of cement is an unexpected and punctual data, due to the volatility of the market," says Oficemen General Director, Aniceto Zaragoza. "To this we have to add with concern, that the current motor of the construction sector, t...

Holcim to invest EUR900,000+ in Carboneras in 2017

24 February 2017, Published under Cement News

Holcim has earmarked EUR900,000 to carry out a series of capex projects in 2017 at its Carboneras plant in Spain. Projects will include a system for collecting and treating rainwater and improve the roofing on some material storage areas. In 2016 the Carboneras works has invested more than EUR120,000 in various initiative to reduce its environmental impact and in best-available practice technology, including the installation of a new wastewater treatment plant, optimisation of bulk handli...

The world in 2016 and outlook for 2017

10 February 2017, Published under Cement News

This year will be a challenging year for the multinational cement companies, which are now faced by uneven economic performance in the emerging markets, combined with a new era of global political uncertainty that could further destabilise markets. On balance, however, global growth looks set to be anchored by positive trends in the major markets of China, India and the US, more than offsetting the poor performance elsewhere. The large cement majors have spent years diversifying their por...

Spanish producers adapt to survive

10 February 2017, Published under Cement News

Spain's road back to high cement volumes seems a rather tortuous journey with Fomento de Constructions & Contratas (FCC) announcing a net loss of EUR1625.2m this week for its close of business in 2016. While the financial impact being felt on Spanish producers is extenuated with exchange rate fluctuations, the report also highlighted that construction business for the company was down 17 per cent in its domestic market, while the Spanish building market had fallen by 35.4 per cent for the c...

FCC triples loss but cuts debt by third in 2016

07 February 2017, Published under Cement News

Spain’s FCC closed 2016 with a net loss of EUR165.2m, trebling losses when compared with the previous year. The result was attributed to the impact of the cement business and the exchange rate on the environmental services business the company owns in the UK, the company’s second-largest source of income after Spain. For the company it means the fifth-consecutive year of losses. FCC attributed the 2016 result mainly to the adjustment of value made in the goodwill of the cement division, f...

Portland Valderrivas notes 7.6% fall in turnover in 2016

03 February 2017, Published under Cement News

Portland Valderrivas saw its turnover decrease 7.6 per cent YoY to EUR536.2m in 2016. The company recorded a net loss of EUR-120.4m, from a net profit of EUR28.6m in 2015. In addition, an EBITDA of EUR-226.4m was posted at the end of 2016, exacerbating the loss of EUR-73.2m reported the prior year. Cement sales slipped 1.7 per cent from 7.3Mt in 2015 to 7.2Mt in 2016 while the concrete division noted a 10.2 per cent drop in sales to 225,000m3. Aggregate sales increased by +26.4 per cent t...

Spain: domestic cement consumption falls 3.1% in 2016

31 January 2017, Published under Cement News

Spain's total cement consumption for 2016 reached 11,140,639t, down more than 350,000t compared to 2015 and representing a 3.1 per cent YoY fall. December's monthly figure was equally as poor, down 3.8 per cent YoY to 804,372t. Disappointing domestic sales were offset, albeit only in part, by a growth in export volumes of 5.6 per cent to 9,782,631t. "After almost a decade of deep crisis, the outlook for 2017 is very worrying," explains the president of Oficemen, Jaime Ru...

Cementos Molins expects to raise AF use to 39%

27 January 2017, Published under Cement News

Cementos Molins plans to raise alternative fuel use at its Sant Vicenç del Horts plant near Barcelona, Spain, from 34 to 39 per cent of the fuel mix this year. The step is expected to reduce fuel costs by EUR1.2m annually. The increase is made possible due to considerable use of waste tyres to replace petcoke, the fuel most commonly used in the plant. However, for the plan to go ahead, the authorities have to approve the modification to the plant’s current permit to use up to 115,000t of...

Oficemen: plant closure possibility if power price continues to rise

27 January 2017, Published under Cement News

Oficemen warned of a potential closure of cement plants and stoppages if the price of electricity in Spain continues to rise and cement production becomes more expensive, endangering the competitiveness of Spanish cement in the export markets. Power accounts for around 30 per cent of production costs. "If the export market is not viable due to the increase in electricity costs, we will not be able to maintain production levels as they are now and plants dedicated to exports will be closed...