Cement News tagged under: Spain
EC extends deadline for Cemex decision31 July 2014, Published under Cement NewsThe European Commission has extended the deadline for its decision on whether to clear or block the deal from 5 September to 12 September 2014. A source told Reuters earlier this month that the Commission had objected to the deal after a preliminary review showed that it would significantly reduce competition in certain parts of Spain. Cemex had submitted its concessions on Monday, the EU watchdog said on its website, without providing details in line with its policy. It h... |
Spanish consumption woes continue15 July 2014, Published under Cement NewsSpain's cement consumption fell two per cent YoY to 967,790t in June, according to the latest data from Oficemen, the country's cement association. The latest set of figures brings the total for the 1H14 to 5.2Mt, indicating a market contraction of 3.2 per cent over the same period of 2013. Isidoro Miranda, chairman, and Aniceto Zaragoza, CEO of Oficemen, have said they expect the year to close with a domestic demand of 10.4Mt and have called it "the worst year for the industry in half a ... |
European Commission objects to Spanish deal14 July 2014, Published under Cement NewsThe European Commission, the antitrust regulator in Europe, has objected to plans by Cemex to acquire Spanish units held by Holcim. In August last year the two cement majors reached an agreement to conduct a series of transactions to swap and combine assets in parts of Europe with the aim of improving synergies and boosting operating profit. However, a source told Reuters last week that: "The European Commission (EC) has sent a statement of objections to the companies," referring ... |
LafargeHolcim merger: implications for western Europe27 June 2014, Published under Cement NewsWhile the proposed Lafarge-Holcim (LH) merger is widely being regarded as a good fit for the two companies, satisfying competition authorities in a number of key markets where operations overlap is critical for the deal to proceed. In western Europe, the LH tie-up could accelerate the restructuring process already underway by the cement industry to improve regional businesses and any disposals required by the two groups are likely to be surmountable. To satisfy regulatory requirements Lafar... |
Spain: May cement demand down 2.9%24 June 2014, Published under Cement NewsCement consumption in Spain reported a 2.9 per cent drop in May to 978,688t, which is 28,849t less than the same month of last year, domestic cement association, Oficemen has said. The latest figure brings cement consumption for the year to date to 4,229,479t, down 3.5 per cent when compared with January-May 2013. Oficemen said it has been the first May since 1965 that cement consumption did not surpass the 1Mt mark. |
Cementos Molins expects return to profit23 June 2014, Published under Cement NewsCementos Molins expects to be back in the black in Spain thanks to the deceleration of the market slowdown in the country and the development of its business in Mexico. Full-year profits in 2014 are expected to reach EUR30m, according to the company’s CEO, Juan Molins. Last year, the company’s profit were EUR10m, 77 per cent less than the year prior, mainly due to positive figures returned by its foreign operations, which offset losses in Spain. Cementos Molins had an operating profit of ... |
Cemex opens new Spanish distribution centre04 June 2014, Published under Cement NewsCemex opened a new distribution centre on Tuesday in Rubi, a city located 25km from Barcelona. Cemex Spain CEO, Jaime Ruiz de Haro, and Rubi Mayor, Carme Garcia cut the ribbon during the official inauguration of the new facility. The center will distribute cement and other materials, allowing the company to serve new customers and markets. "We are the top producer of white cement in the world and the No 3 producer of grey cement, and centres like this allow us to get closer (to our c... |
Cemex to open export terminal in Italy to boost Spanish operations03 June 2014, Published under Cement NewsCemex intends to give its Spanish operations a boost through the construction of a cement export terminal in Italy. The facility will also serve as an export base from other European plants, particularly to north Africa. Cemex plans to raise its share of exports from Spain from 35 to 60 per cent to counteract the slowdown in the domestic market. The ongoing downturn in the Spanish market, where demand is around 11Mt, has caused a considerable overcapacity as cement producers currently... |
Cementos Cosmos lodges alternative fuels appeal23 May 2014, Published under Cement NewsCementos Cosmos has lodged an appeal with Andalusia’s Committee of Environment and Spatial Planning as the cement producer was denied an amendment to its Integrated Environmental Authorisation for the Niebla plant. The amendment, if granted, would allow Cementos Cosmos to burn waste-derived fuel, replacing fossil fuels. Cementos Cosmos is appealing on the grounds that the burning of such fuel would not materially alter the purpose of the plant, ie as producer of cement, and therefore, there... |
Cementos Molins posts 1Q14 net profit of EUR6.5m21 May 2014, Published under Cement NewsSpain-based Cementos Molins released its first-quarter 2014 results, showing a net consolidated profit of EUR6.5m, up 37 per cent when compared to 1Q13. The group’s domestic companies saw a loss of EUR7.4m although they ‘improved’ their YoY results by increasing clinker exports and implementing cost-cutting measures, helping to mitigate the effect of lower sales in Spain. Cementos Molins’ overseas subsidiaries posted a net profit of EUR14m on the back of increased sales by Corporación M... |