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, Novemb...
Spain
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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.
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 annual demand...
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.
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 w...
Cemex Espana adjusts downsizing plan
Cemex Espana is to adjust its downsizing plan for its domestic operations from the initial 370 planned job buts to 280. The 25 per cent reduction came as a result of an agreemen...
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...
Cementos Portland posts EUR83m loss for Jan-Sep 2012
Cementos Portland of Spain has posted a loss of EUR83m for the first nine months of 2012, almost 10-times the loss posted in the same period of last year, local press have repor...
Cementos Molins posts EUR31m profit, up 85%
Spain’s Cementos Molins has posted a profit of EUR31.16m in the first nine months of the year. The 85 per cent rise has been attributed to successful foreign business, which con...