Cement News tagged under: Cementos Portland Valderrivas
Cementos Portland posts EUR83m loss for Jan-Sep 201209 November 2012, Published under Cement NewsCementos 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 reported. The steep decline is attributed to weaker demand from its domestic market of Spain which could not be offset by activity in USA and Tunisia where the company also operates.. |
FCC gives cement unit EUR100m loan12 October 2012, Published under Cement NewsSpanish builder FCC said on Thursday it has given its Cementos Portland unit a EUR100m (US$129m) transitory loan as part of the cement arm's refinancing agreement with its creditors. Separately, Cementos Portland said it may consider following through with capital hike plans in 2013 if market conditions are suitable (Source: Reuters) |
Cementos Portland acquires new unloading equipment, UK08 October 2012, Published under Cement NewsCementos Portland Valderrivas has invested EUR1m in a new unloader to speed up bulk discharges from ships in the port of Ipswich terminal, one of two that the group has in the United Kingdom. The mobile road shipunloader was supplied by the Dutch company Van Aalst and has the ability to discharge ships of up to 5000t at a nominal rate of 225tph. According to Juan Béjar, president of Cementos Portland Valderrivas, " conditions in the unloading will be further improved, which until now w... |
Further Spanish cuts ahead19 September 2012, Published under Cement NewsThe Spanish cement sector is facing more job cuts and possible further restructuring measures as local cement consumption continues to tumble. Management of Cementos Lemona presented yesterday a job-cutting plan, which will affect 34 employees at the company's plant in the Basque country, according to trade union ELA. Local newspaper Expansion reported that the measure is part of the viability plan of cement group Portland Valderrivas, which controls Cementos Lemona. The group is t... |
Cementos Portland Valderivvas increases loss27 July 2012, Published under Cement NewsSpanish 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 |
Cementos Portland to cut 250 jobs, Spain26 July 2012, Published under Cement NewsSpanish cement producer Cementos Portland Valderrivas is to cut 250 jobs throughout its Spanish operations after the summer and will temporarily halt production of plants in the Catalonia region. Spanish press have reported that an agreement on these measures has been made between management and trade union members. Some 160 jobs will be cut through retirement plans for people aged 58 and above. Another 60 employees will occupy new positions while 30 can opt to move to relocate to othe... |
Cementos Portland Valderrivas extends credit line, Spain18 July 2012, Published under Cement NewsCementos Portland Valderrivas has reached an agreement with its creditors to extend by end-July the maturity of a EUR-340m credit line, due to expire yesterday. The company has intention to refund its debt standing at EUR1.4bn. (Source: Cinco Días) |
Valderivvas presents restructuring plans to unions, Spain11 July 2012, Published under Cement NewsSpanish cement producer Cementos Portland Valderrivas has presented its restructuring plan to trade unions which involves the part-closure of one plant. The company announced that it plans to close its plant in Vallcarca for 10 months annually, reduce the number of employees and managers and halt kiln lines. Cementos Portland said that the estimated operating cost reductions with this plan equal the same savings that would be generated via the closure of three of its eight plants. The co... |
CNC imposes EUR 1.28m fine on Cementos Portland, Spain06 June 2012, Published under Cement NewsSpanish competition authority CNC has imposed a EUR1.28m fine on cement producer Cementos Portland Valderrivas for submitting incomplete information. In May 2012, the CNC launched a probe into Cementos Portland over allegedly incorrect information about revenues, volume of products and corporate structure. Cementos Portland was obliged in January to pay a EUR5.72m fine for participating in a cartel fixing the prices of concrete. Abstracted from an original article in Expansion. |
Spanish cement woes continue28 May 2012, Published under Cement NewsSpanish cement consumption continues its downward spiral with latest data showing monthly figures hitting a 46-year low as budget austerity and high unemployment continue to inhibit activity. Depressed volumes are now forcing local producers to initiate restructuring and cost-cutting measures as the bottom of the decline is yet to be seen. Following the spectacular burst of the Spanish housing bubble in 1998, the country's residential sector has faced high housing inventory levels and a l... |