Cement News tagged under: Spain
Spanish consumption decreases 5.6%15 May 2014, Published under Cement NewsSpanish cement association Oficemen has revealed that domestic cement demand fell by 5.6 per cent in April to 858,920t when compared with the same period last year. In the first quarter, consumption reached 3,260,547t, representing a 3.4 per cent YoY decline. |
Alfonso Gallardo Group sells cement business02 May 2014, Published under Cement NewsAlfonso Gallardo Group is to sell its cement and paper business to focus on the iron and steel sector to ensure its viability, according to a statement by the group. The company signed a refinancing agreement with the majority creditor banks and venture capital firm Kohlberg Kravis Roberts (KKR). The group will divest from Cementos Balboa, located in Alconera (Badajoz), as well as Papresa in Rentería (Guipúzcoa), and reduce its debt by around EUR500m. |
EC to investigate Cemex and Holcim Spanish deal24 April 2014, Published under Cement NewsThe European Commission said on Wednesday it is investigating plans by Cemex and Holcim over a Spanish deal because of competition issues. "The Commission has concerns that the transaction may reduce competition in certain areas of Spain where the two companies' activities overlap," the EU executive said in a statement. Removing Holcim from the Spanish market “could facilitate coordination” between cement makers, the statement added. Collusion on pricing and customer allocation “could b... |
Basque Aguinaga family resigns from Portland Valderrivas board15 April 2014, Published under Cement NewsThe investment company Cartera Deva, controlled by the Basque Aguinaga family, has resigned as member of board of Cementos Portland Valderrivas, a subsidiary of FCC. The step follows the sale on 4 April of a 5.01 per cent stake of B-1998 by Eurocis, also owned by the Aguinas, to Caixabank. B-1998 is owned by Esther Koplowitz via a 89.65 per cent stake with a further five per cent minority holding by Larranza XXI. B-1998 is the vehicle by which Koplowitz owns about 50 per cent of FCC share... |
Spain: cautious outlook maintained14 April 2014, Published under Cement NewsCement demand in Spain registered its first monthly growth since the recession started as it reached 875,000t in March, up 16 per cent YoY, according to Oficemen data. However, the increase has been attributed to a weaker comparative period, with the Easter holiday falling in March last year resulting in few working days. Moreover, March 2013 was one of the wettest in history, further hampering building activity last year. March 2014, on the other hand, has experienced much milder weather... |
Cemex to appeal Spanish fine07 April 2014, Published under Cement NewsCemex said Spanish tax authorities have fined its Spanish subsidiary EUR455m (US$620m) following an audit of the unit's tax returns for the years 2006 through 2009. Cemex Espana plans to appeal the fines, the company said Friday in a filing with the Mexican Stock Exchange. If the appeals are not resolved in the company's favor, this matter "could have a material adverse impact on our operating results, liquidity and financial situation," Cemex added. The Spanish unit of Cemex h... |
Holcim Spain issues new ERE02 April 2014, Published under Cement NewsHolcim Spain has presented a new record of employment regulation (ERE) that will affect 141 staff. While Holcim is reported by construction organisation Fecoma to have plans to sell its Gádor (Almería) cement works, the ERE mainly affects workers in the concrete mortar and aggregates divisions. The adjustment in its workforce is part of ongoing changes made in recent years by several Spanish cement makers, including Cemex and Cementos Portland. Spain’s cement sector has made considerab... |
FCC to increase stake in Cementos Portland to 78%28 March 2014, Published under Cement NewsFCC will increase its participation in Spain-based cement producer Cementos Portland from 69.8 to 78 per cent. The transaction will be carried out by a capital increase of EUR111m through the capitalisation of a EUR100m subordinated loan granted by FCC. The capital increase will result from the issuance of 13,878,094 new ordinary Cementos Portland shares, representing EUR1.50 par value each with a premium of EUR6.50/share, for a total of EUR8. The capital increase is expected to take plac... |
Mexico and Argentina impact 2013 Molins results03 March 2014, Published under Cement NewsThe market contraction in Mexico and a devaluation of the Argentine peso impacted the annual results of Cementos Molins. The Spanish company saw profit fall by 77 per cent to EUR10.1m although this is not comparable with the EUR20m of the previous year as the cement producer sold its stake in Cementos Artigas of Uruguay. Consolidated turnover noted a 9.4 per cent drop to EUR832m. Foreign companies accounted for 80 per cent of Cementos Molins consolidated profits. The Mexican and Argenti... |
Cemex closes 2013 with zero accidents in its Spanish works21 February 2014, Published under Cement NewsCemex celebrated the end of 2013 with a zero-accident rate in its 65 Spanish work sites. The company attributes the success to its “Zero Accident” campaign, started in 2007. In some works, new records were set in terms of days without accidents. For instance, the cement works of Buñol in Valencia registered not a single accident since May 2010. ? ?"All the effort we have been making for years with awareness campaigns, training through visits involving safety, risk warnings cards, etc ... ... |