CRH and Cementos Portland Valderrivas confirm asset swap agreement
CRH 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...
Spain
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Spain’s cold spell continues as January demand drops 21.5% YoY
Spanish cement producers have had a frosty start to the year as cement consumption continues to fall. January 2013 data show a 21.5 per cent decrease to 892,783t from 1.138Mt r...
Cementos Molins cuts back in Spain while expanding in foreign markets
As the Spanish construction crisis shows no sign of abatement, Cementos Molins expects to continue the adjustment in its Spanish workforce. The company’s vice-president and CEO...
Portland Valderrivas explores sale of Cemento Lemona to CRH
Spain’s Cementos Portland Valderrivas is currently considering the sale of its Basque subsidiary Cementos Lemona to the Irish multinational CRH. Yesterday, CRH directors vis...
Spanish demand sees largest drop for over 70 years
Cement consumption in Spain has seen its full-year figures for 2012 fall even further than the pessimistic forecasts predicted by Oficemen in December. Last year, cement deman...
Euro area construction output down 0.4 per cent in November
Construction output in the 17-nation euro area decreased 0.4 per cent in November according to first estimates released by Eurostat. In Germany, Europe’s largest economy, Nov...
Sociedad de Cementos y Materiales looks to cut 35 jobs
Spanish cement and building materials producer Sociedad de Cementos y Materiales de Construccion de Andalucia, is reportedly planning to lay-off 35 members of staff. The comp...
Spain to see fifth consecutive annual double-digit fall in demand
Spanish cement association Oficemen expects consumption to reduce by 33 per cent in 2012 per cent in 2013 , the fifth double-digit decline in a row. This will take ...
Euroconstruct downgrades European construction forecasts
Euroconstruct has reduced its forecasts for European construction output for both for this year and next, with a slow recovery expected for 2014. The forecasts released at i...
Mozambique is Cimpor’s star performer
For the first nine months of 2012, Cimpor’s cement and clinker shipments were 9.4 per cent lower at 18.82Mt, as volumes dropped by just over one -third both in Spain and China ...