Cement News tagged under: spain
Cement consumption in Spain falls 5% in November19 December 2023, Published under Cement NewsDemand for cement in Spain declined 4.6 per cent YoY to 1,276,910t in November from 1,338,036t, according to the country’s cement association, Oficemen. Cement and clinker exports were down 24.1 per cent YoY to 383,138t in November 2023 from 504,852t while imports plummeted by 68.1 per cent YoY to 53,020t from 166,050 over the same period. January-November 2023 In the first 11 months of 2023 demand slipped by 2.3 per cent YoY to 13,404,224t from 13,715,981t. Exports declined by 5.6 per... |
Cement demand in Spain down 7% in October30 November 2023, Published under Cement NewsCement consumption in Spain declined 6.7 per cent in October 2023 to 1,171,629t when compared with October 2022, according to Oficemen, the Spanish cement association. Exports were down 10.6 per cent YoY to 430,421t in October, representing the fourth-consecutive month of decline. In the first 10 months of 2023 cement demand edged up by two per cent to 12,126,694t. Exports contracted four per cent YoY to 4.5Mt in the 10M23. “From the sector we cannot help but continue to observe with conc... |
CEMEX Espana to consider next step after EUR456 tax fine22 November 2023, Published under Cement NewsCEMEX has announced that its subsidiary, CEMEX España, will pay approximately EUR456m in fines as a result of a tax audit in Spain that commenced in July 2011 and covered the years 2006-09. According to a company press release, the tax authorities questioned some of the tax losses that Cemex España reported during those years. These losses were not used by Cemex España and have not been shown in its financial statements since 2012. CEMEX evaluating next steps According to the compa... |
Cementos Molins signs sustainability-linked loan16 November 2023, Published under Cement NewsCementos Molins of Spain has signed a second novation of its sustainable syndicated financing, which was originally formalised in 2019 with a first novation completed in 2021. This second continues to be classified as a "sustainability-linked loan" and extends the maturity by another two years until December 2028, maintaining the amount to EUR300m divided between a term loan of EUR75m and a revolving credit facility of EUR225m. All other terms and conditions also remain unchanged. The ... |
Holcim arrange shareholding agreement for Elite Cementos09 November 2023, Published under Cement NewsThe shareholders of the company Élite Cements SL , Grupo Simetry and Holcim España, have reached an agreement by which Holcim acquires the entire share capital of Élite Cements, thus becoming the sole partner of the company. Elite Cementos, located in the port of Castellón-el Grao, will continue to operate under the same brands and will continue its commercial activity, under Holcim Spain . For its part, Simetry Group continues with its diversification strategy. In recent years, Si... |
Cementos Molins posts revenues of EUR1079m in 9M2331 October 2023, Published under Cement NewsCementos Molins has announced its financial results for the first three quarters of 2023, achieving revenues of EUR1079m, up 13 per cent compared to same period in 2022. The company reached sales growth across all business segments and most regions. On a LfL basis, revenues rose by 34 per cent. EBITDA reached EUR278m, representing a 33 per cent increase compared to the same period last year. This improvement is driven mainly due to the positive impact of higher volumes, the company’s... |
Holcim España invests in renewable fuels at Carboneras plant25 October 2023, Published under Cement NewsHolcim España has reinforced its commitment to decarbonisation by investing in facilities for the use of renewable fuels at its Carboneras cement plant in Almería, Spain. The EUR4m project ensures that the plant is now capable of sourcing 70 per cent of its thermal energy requirements from renewable fuels, resulting in a reduction of more than 22,000t of CO 2 emissions linked to energy use. Attending the inauguration of the new facilities, Jorge Paradela, minister of industry, energy ... |
Alternative fuel plant achieves 75,000t of valorised waste in first-year24 October 2023, Published under Cement NewsCementos Molins celebrates the first year of operation of its alternative raw materials plant, located within its facilities in Barcelona, Spain, with a significant milestone. The company has announced that the plant has successfully valorised more than 75,000t of non-hazardous construction and demolition waste, as well as other non-hazardous industrial waste, in its first anniversary. Cementos Molins ' alternative raw materials plant, which covers an area of over 3250m 2 , was inaugurat... |
Spain’s cement consumption sees 9% drop in September19 October 2023, Published under Cement NewsCement demand in Spain fell by nine per cent YoY to 1,137,773t in September 2023, according to the country’s cement association, Oficemen. Exports declined by 6.8 per cent to 391,566t in September when compared with the year-ago month. In the January-September 2023 period, demand contracted by 1.6 per cent YoY to 10,945,946t. Exports for the nine-month period decreased by 3.4 per cent YoY to 4,118,192t. “Since June we have now recorded four months of decline, a situation that we observe ... |
Cementos Molins completes Sant Vicenc dels Horts modernisation06 October 2023, Published under Cement NewsCementos Molins celebrated the inauguration of its upgraded facilities in Sant Vicenç dels Horts , Barcelona, Spain, on 5 October 2023. The event witnessed the presence of the Minister of Business and Labour of the Generalitat of Catalonia, Roger Torrent. The company's investment exceeding EUR6.6m encompasses a comprehensive office building renovation, the installation of 1455 self-consumption photovoltaic panels, green space redesign, and the introduction of a new plant for alterna... |