Cement News tagged under: Spain
Cementos Molins records net profits of EUR62m for 9M2002 November 2020, Published under Cement NewsCementos Molins has announced its 9M20 results, with net profits reaching EUR62m, 12 per cent less than the same period last year. In comparable terms of exchange rates and hyperinflation adjustment, net profits to September grew by 13 per cent. Profits in the third quarter (July-September) stood at EUR29m, 44 per cent higher than the same quarter last year, when the net profit was EUR21m. Cementos Molins' revenues up to September were EUR546m, representing a decrease of eig... |
LafargeHolcim and Carbon Clean to develop large-scale CCUS plant30 October 2020, Published under Cement NewsCarbon Clean announced today that it has signed an agreement in Spain with LafargeHolcim, ECCO2, and Sistemas de Calor to develop a large-scale carbon capture and utilisation plant. The project, based in LafargeHolcim’s Carboneras, Almeria, cement plant in Spain will aim to capture CO 2 emitted through the cement production process to be further transformed, cleaned and reused locally. The CO 2 will be captured from the cement plant’s flue gas and will be recycled for agricu... |
Spain's September demand advances but exports drop22 October 2020, Published under Cement NewsCement demand in Spain has declined by 11.6 per cent YoY to 9.858Mt at the end of the 3Q20, according to Oficemen, the country’s cement association. In September cement consumption edged up by 0.9 percent YoY to 1.246Mt. However, Oficemen President, Víctor García Brosa, warned against an overly optimistic outlook. “This slight positive value does not change the strongly negative trend of the year, and that, as we have already indicated, will probably cause us to close the 2020 financial y... |
LafargeHolcim expands carbon capture projects14 October 2020, Published under Cement NewsLafargeHolcim's portfolio of carbon capture projects was strengthened with the US Department of Energy's national Energy Laboratory Technology’s (DOE-NETL) announcement that it will support the LafargeHolcim CO 2 MENT Colorado project. LafargeHolcim has gathered a consortium of partners that include Svante Inc, Oxy Low Carbon Ventures LLC and Total to complete a study to assess the viability and design of a commercial-scale carbon capture facility. With DOE-NETL's finding confirmed, th... |
Spanish cement demand falls 5% in August05 October 2020, Published under Cement NewsCement consumption in Spain declined 5.1 per cent YoY in August 2020, following a 3.4 per cent drop in July, according to the country’s cement association, Oficemen. Exports have expanded, with a growth of 11-14 per cent in July and August. “The moderation of the falls in July and August makes sense if we remember that these are data that are compared with those of the second half of 2019, when cement consumption returned to the red for several months, finally closing the calculation from ... |
Sabanci to restructure white cement business01 October 2020, Published under Cement NewsTurkey's Sabanci Holding has announced that it will be restructuring its white cement business unit by merging its financial power and the operational capability of its Çimsa subsidiary, according to a statement. As such, it is planning to incorporate a company in the Netherlands, Cimsa Sabanci Cement BV (CSC BV), in which Sabancı will hold 60 per cent of the total equity shares while the remaining 40 per cent will be held by Çimsa. It will then sell the shares of Çimsa's international wh... |
Cemex España seeks authorisation for Cemex Latam public offering08 September 2020, Published under Cement NewsCemex España has requested the authorisation of the Financial Superintendency of Colombia (SFC) to begin a public offering of every ordinary and outstanding share of Cemex Latam registered in the National Register of Securities and Issuers of Colombia and the Colombian Securities Exchange. The public offering is expected to be addressed to all Cemex Latam shareholders, with the exception of those owned by Cemex España or Cemex Latam. The bid review is estimated to take between 2-4 weeks. ... |
Spain: drivers for development02 September 2020, Published under Cement NewsIn 2019 Spanish cement consumption registered its third consecutive year of recovery but the impact of COVID-19 has now brought fresh uncertainty. Despite the demand situation, Spanish cement association, Oficemen, discusses how the domestic sector continues to evolve and is finding ways to lay the groundwork for future development. By Oficemen, Spain. Despite the impact of COVID-19 on the Spanish cement industry, the sector is focussed on its future, supported by a drive to includ... |
Spain's cement demand falls 17% in 1H1921 July 2020, Published under Cement NewsCement consumption in Spain declined 16.5 per cent to 6.1Mt in the first half of 2020 when compared with the 1H19, according to Oficemen, the country’s cement association. The association attributes the fall to the halt in construction works due to the coronavirus pandemic. "In June, many of the works paralysed during the confinement, for example, real estate developments, were resumed, but the monthly positive data should not make us think of a recovery in the sector," explains Oficemen p... |
Votorantim reduces production at Oural15 July 2020, Published under Cement NewsVotorantim-owned Oural cement plant in Spain will considerably reduce its cement production as a result of falling demand from the construction sector due to the COVID-19 pandemic. The cement producer has seen a significant fall in its sales in Spain and industry sources expect the sector to see a decline of 20 per cent for the full year. The decision will see a reduction in the production of clinker in particular as the company will continue to bag and distribute cement as the market requi... |