Cementos Portland Valderivvas increases loss

Spanish 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