Cement News tagged under: Spain
Holcim, Cemex Europe deal to be examined21 October 2013, Published under Cement NewsEU antitrust regulators will assess a bid by Cemex to acquire Holcim's cement operations in Spain following a request from Spanish authorities, the European Commission said. Cemex and Holcim announced plans back in August this year to exchange some assets and combine others in Germany, Czech Republic and Spain to boost profit amid tough conditions in the European construction sector. The Spanish part of the deal involved Cemex and Holcim combining all their cement, ready-mix and aggregate... |
Employment suspension to affect all of Olazagutía’s employees15 October 2013, Published under Cement NewsThe temporary employment suspension (ERTE) raised by Cementos Portland for its six plants in Spain is expected to affect the entire workforce of the Olazagutía plant in Navarra. A negotiation process has now started between the company’s management and the representatives of the 110 employees at the works to minimise the impact of the ERTE. Javier Lecumberri of the general workers union, UGT, said that the negotiation process is "very complex" which will address "both the conditions of th... |
Cemex03 October 2013, Published under Cement NewsCemex has commissioned a new clinker silo at its Lloseta works in Spain. This €4.4m investment includes a 44m-high silo with a diameter of 27.5m and is fitted with all the latest emission control systems. |
August cement demand falls 23% in Spain24 September 2013, Published under Cement NewsCement consumption in Spain continues its freefall with the figure for August down more than 23 per cent to 886,005t. Production fell by 7.7 per cent from 1,308,090t to 1,207,891t in August, according to the latest figures by the country’s cement association, Oficemen. Between January-August, a similar decline has taken place with cumulative consumption at 7,400,946t, over 2Mt less than the equivalent period of 2012. Spanish cement producers have lowered their output by a fifth from over ... |
Holcim and Cemex to swap, combine assets in Europe28 August 2013, Published under Cement NewsHolcim and Cemex have reached an agreement to conduct a series of transactions to exchange and combine assets in parts of Europe with the aim of improving synergies and boosting operating profit. Cemex increase its presence in Central Europe through the acquisition of Holcim Cesko in the Czech Republic. The deal includes one cement plant (cement and clinker capacities of 1.1Mta and 0.9Mta, respectively), four aggregate quarries and 17 ready-mix plants. Holcim said it will continue to serve... |
Cementos Molins 1H profit falls 58%01 August 2013, Published under Cement NewsCementos Molins closed the first half-year with a profit of EUR8.3m, 58 per cent down on 1H12. The decline has been attributed to the poor performance of the Spanish subsidiaries, which recorded a EUR22.4m loss. The company’s overseas divisions returned a profit of EUR30.7m. The group's total turnover decreased by 8.6 per cent from the 1H12 and reached EUR416m. In Spain, the turnover decreased by 14 per cent. Abroad sales fell seven per cent due to lower contributions from Mexico and Ce... |
Lafarge opens Sagunto laboratory29 July 2013, Published under Cement NewsLafarge has inaugurated its first R&D laboratory in Europe at Sagunto, Spain. The centre, which is the company’s second in the world after its US facility in Houston, will research the use of cement in oil and gas wells. The laboratory will enable the company to carry out research under conditions of higher pressure, temperature and chemical agents that cement is subjected to at depths of 3000-5000m. Apart from developing new cements, the laboratory will also play a part in meeting cli... |
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... |
Spain registers further market contraction17 July 2013, Published under Cement NewsThe Spanish cement market registered a 24 per cent YoY drop in the first half of 2013 and the decline is expected to continue through the remainder of the year. In the first six months of 2013 domestic cement sales were 5,472,933t, latest data from local cement association Oficemen shows. On the supply side, Spain produced 6,459,917t of cement, representing a fall of 22.2 per cent. In June 2013 alone, Spanish consumption fell a further 23 per cent YoY to 972,421t in the same month of... |
CRH: acquisition and investment update, Ireland02 July 2013, Published under Cement NewsIrish building materials major CRH plc announced it has undertaken 17 acquisition and investment initiatives during the first half of 2013. These transactions, together with the acquisition of Cementos Lemona in Spain (acquired as part of the Uniland asset swap announced in February) and net deferred consideration payments, bring development spend for the first half of 2013 to approximately €470m. Proceeds to date from divestments and disposals, including the Uniland swap, amount to approxim... |