Spanish producers adapt to survive
Spain's road back to high cement volumes seems a rather tortuous journey with Fomento de Constructions & Contratas (FCC)
Fcc
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FCC triples loss but cuts debt by third in 2016
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 th...
Portland Valderrivas board approves Giant 55% sale to Elementia
The board of Spain’s Cementos Portland Valderrivas has formally approved the sale of a 55 per cent stake in its US unit Giant Cement Holding to Mexico’s Elementia, owned by Carl...
Spain: Portland Valderrivas quadruples 9M loss
FCC subsidiary Cementos Portland Valderrivas of Spain reported a EUR233.3m loss in the first nine months of 2016, quadrupling its loss noted in 9M15.
Spain: FCC refinances Portland Valderrivas debt
In the restructuring of the group, Spain’s FCC plans to refinance the syndicated debt of Cementos Portland Valderrivas (CPV), in which it owns a 77.9 per cent stake. Funds from ...
Spain: Cementos Portland restructures debt
The refinancing of the EUR825m syndicated loan of cement producer Portland Valderrivas, a Fomento de Construcciones y Contratas (FCC) company, has been completed, reports Spacol...
FCC to transfer rescue funds to Portland Valderrivas
Spanish builder Fomento de Construcciones & Contratas SA (FCC) is to help its cement unit Cementos Portland Valderrivas make a debt payment by transferring rescue funds, accordi...
FCC to increase stake in Cementos Portland to 78%
FCC 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 EUR11...
Expansion: FCC profit falls 77% YoY in 9 months
Spanish construction and services group FCC received a net profit of €40.1m for January-September 2012, falling 77.5% on the year. Analysts polled by Reuters expected a €80m pro...
FCC to provide loan to Cementos Portland by year-end, Spain
Spanish builder FCC is expected to extend a EUR100m (US$127.3m) loan to its cement subsidiary Cementos Portland by end-December, according to reports in local paper Expansion. T...