Cement News tagged under: Cementos Portland Valderrivas
Cementos Portland sees improvements in Spain, Tunisia and USA04 August 2014, Published under Cement NewsCementos Portland Valderrivas' turnover fell by 3.8 per cent to EUR259.9m in the six months to the end of June, reflecting the effects of non-profitable concrete, aggregate and mortar businesses in Spain being closed. Cement voulmes rose by more than five percent last year, of which international markets account for 63 per cent of sales, most notably in Tunisia and the US. While demand in the company's domestic market of Spain continues to decline, the group said results have improved... |
Portland Valderrivas reduces losses27 November 2013, Published under Cement NewsCementos Portland Valderrivas has cut losses in the first nine months of 2013 thanks by 74 per cent to EUR24.8m compared to EUR95.2m in the same period of last year, thanks to a series of cost control measures. Group revenues for the period amounted to EUR413m, of which Spain accounted for EUR168m. Operations in the US and Tunisia accounted for 60 per cent of group revenues and partly offset weak cement demand in Spain, which fell 22 per cent YoY to 8.3Mt over the Jan-Sept period. EBITDA in... |
Cementos Portland Valderrivas reduces 1H losses, Spain26 July 2013, Published under Cement NewsSpain-based Cementos Portland Valderrivas (CPV) reduced losses by 98.9 per cent in 1H13, to EUR0.6m, compared with losses of EUR48.6m in the first half of the year before. CPV's asset swap with CRH earlier this year also provided capital gains of EUR104.8m. According to José Luis Sáenz de Miera, Chairman and CEO of Cementos Portland Valderrivas, results for the first half reflect "efforts last year to reduce costs in Spain, where demand continues to shrink, and to improve efficiency in ope... |
Cementos Portland Valderrivas revises 2012-21 business plan, Spain09 May 2013, Published under Cement NewsSpain's leading cement producer, Cementos Portland Valderrivas, has revised its business plan for 2012-21 after recording a loss of EUR27.7m in the first quarter of 2013. The company, which is controlled by the contracting group Fomento de Construcciones y Contratas, has announced its intention to dispose of non-core assets and temporarily close plants due to the continuing decrease of the cement demand. The adjustment measures will also include cuts to salaries. In response to the weak ... |
Cementos Portland books capital gain from stake swaps, Spain28 February 2013, Published under Cement NewsSpain-based cement producer Cementos Portland Valderrivas has booked a capital gain of EUR115.6m following the asset swap of its shareholding in Cementos Lemona for Cementos Uniland with CRH. The capital gain was divided into two lots: the first, totalling EUR100m, came from the exchange of the shares owned by Portland in Lemona for a 26.3 per cent stake in Uniland. The other EUR15.6m came from the sale of Cementos Portland's 100 per cent ownership in the capital of UK cement terminal So... |
CRH boosts American profitability27 February 2013, Published under Cement NewsCRH's turnover improved by 3.2 per cent last year to €18,659m while the EBITDA was off by one per cent to €1640m. There were 36 acquisitions during the year and the outlook for acquisition opportunities is deemed positive. Trading profit declined by three per cent to €840m and after other charges, including a net interest charge 12.7 per cent higher at €258m and a €230m gain on disposals, compared with €55m in 2011, the pre-tax profit declined by 5.2 per cent to €674m. Excluding exceptional ... |
CRH and Cementos Portland Valderrivas confirm asset swap agreement26 February 2013, Published under Cement NewsCRH 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 in Spain and the UK. CRH said in a statement that it will transfer its 26 per cent stake in Corporacion Uniland SA to CPV. In consideration, CPV will transfer its 99 per cent stake in Cementos Lemona SA to CRH. Cementos Lemona is an integrated cement, ready-mix and aggregates business located close to Bilbao ... |
Portland Valderrivas explores sale of Cemento Lemona to CRH13 February 2013, Published under Cement NewsSpain’s Cementos Portland Valderrivas is currently considering the sale of its Basque subsidiary Cementos Lemona to the Irish multinational CRH. Yesterday, CRH directors visited the facilities of Prefabricades Lemona. This follows a visit last month to the Lemona’s quarries and cement plant, according to Spanish daily El País. Sources indicate that after months of negotiation, the acquisition process is in its final stages although there has been no confirmation of the sale yet. Portla... |
UK: Southern Cement buys its own shipunloader06 December 2012, Published under Cement NewsSouthern Cement, which is based at the Port of Ipswich and was established 10 years ago, imports around 160,000tpa of bulk and bagged cement products to supply to building firms across the UK. The business, part of the Spanish-based Cementos Portland Valderrivas (CPV) group of companies, uses a mobile shipunloader, to unload cement and before it is transferred to silos at the port. This was previously sub-contracted out to another firm, but now Southern Cement has bought its own mobile shi... |
FCC to provide loan to Cementos Portland by year-end, Spain12 November 2012, Published under Cement NewsSpanish 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. The credit is in line with the terms of the EUR1.274bn debt refinancing deal signed between Cementos Portland and its creditor banks in July. FCC decided to grant the loan after Cementos Portland said it would suspend the envisaged EUR100m capital hike, required by the debt refunding agreement. However, at the pres... |