Displaying items by tag: Cementos Molins
Mexico: Cementos Moctezuma has announced US$200m of investments to increase its cement production capacity by 1.3Mt/yr to 2.6Mt/yr at its plant in Apazapan, Veracruz. The company, which is owned by Buzzi Unicem, Cementos Molins and Carso, runs three plants in Mexico with a total production capacity of 6.4Mt/yr. Moctezuma's income grew by11% to US$164m in the January - March 2014 period.
Cementos Molins profit falls by 77% to Euro10.1m in 2013
05 March 2014Spain: Cementos Molins has reported 77% fall year-on-year in its profit in 2013 to Euro10.1m. The company blamed the decline in profit to a lack of one-off items on its balance sheet. Revenue fell by 9.4% to Euro832m and earnings before interest, tax, depreciation and amortisation (EBITDA) fell by 18.3% to Euro158m.
Spain: Cementos Molins has reported a drop of 58% in its profit for the first half of 2013 to Euro8.3m. The Spanish cement producer announced a loss of Euro22.4m which was offset by a Euro30.7m net profit registered abroad. It reported sales of Euro416m. The company's net debt was reduced year-on-year by Euro7m to Euro309m.
Molins purchases mothballed Cemex assets
14 June 2013Spain: Cementos Molins has signed a contract to acquire the cement production and commercial activities of the 0.9Mt/yr Cemex España facility at Sant Feliu de Llobregat, Barcelona. Cemex suspended the cement production activities at the plant and laid off its employees several months ago. It is not known whether or not Cementos Molins will restart production.
Spain: Cementos Molins cut 310 jobs in Spain in 2012. The Spanish cement producer launched a downsizing plan for 165 people and shut down plants in Leon and Malaga. At present Molins needs to refinance a gross debt of Euro167m in 2013. On 15 March 2013 Molins launched a project to cut 56 jobs at its plant in Sant Vicenc dels Horts, a 29.3% reduction in staff numbers at the plant.
Cementos Molins cuts 310 jobs in 2012
13 March 2013Spain: Cementos Molins cut 310 jobs in Spain in 2012. The Spanish cement producer launched a downsizing plan for 165 people and shut down two plants in Leon and Malaga. At present Molins needs to refinance a gross debt of Euro167m in 2013.
Spain: Cementos Molins has sold 10.61% in its Argentina-based unit Cementos Avellaneda to Votorantim Europe for Euro45.2m. Following the deal Cementos Molins retains 51% in the company and Votorantim Europe, part of Brazilian group Votorantim, is holds 49%. The Spanish firm also transferred a 12.61% stake in its Uruguayan-based unit Cementos Artigas to Votorantim Europe for Euro19m, keeping 49% in the subsidiary and its partner raised its stake to 51%.
Cementos Molins ups profit by 85% so far in 2012
31 October 2012Spain: Spanish cement company Cementos Molins has reported a net profit of Euro31m for the nine months to September 2012, an increase of 85% compared to the same period in 2011. In a regulatory filing the company attributed the increase to its international operations.
The foreign units of the company recorded a net profit of a total Euro55m while the domestic subsidiaries registered a combined loss of Euro24m. Cementos Molins' turnover was Euro688m from January to September 2012, a rise of 12.6% year-on-year.
Sales abroad grew by 23% to Euro550.4m while domestic sales fell by 15.7% to Euro138m due to a significant reduction in demand. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 43% in Euro159m. The company's net debt was Euro349m at the end of September 2012, a reduction of Euro49m from December 2011.
Uruguay: Three cement companies are planning to invest up to US$262m in the Treinta y Tres region of Uruguay to meet demand for building materials driven by the 2016 Rio de Janeiro Olympic Games.
The Uruguan state oil and cement company Ancap, alongside Spanish firm Cementos Molins and Brazil's Votorantim, have filed an environmental impact study for a new cement plant with a capacity of 750,000t/yr. Total costs are estimated at US$160m, with Cementos Molins contributing 60% of the investment and Ancap and Votarantim contributing 20% each.
Ancap is also preparing environmental studies for two new lime production plants. A first unit will have a capacity of 150t/day with an investment of US$7m. Ancap has already secured a contract with Brazilian federal power holding group Eletrobras to place this production. A second unit will have a capacity of 500t/day with an investment of US$95m, including infrastructure costs related to the project.
In order to provide the region with better export options towards Brazil, Uruguayan port authority ANP is trying to develop a commercial route connecting the Merín and the Los Patos lakes. Merín lake is on the border between Uruguay and Brazil's southernmost state Rio Grande do Sul, and it is connected by the San Gonzalo canal to the Los Patos lake, which in turn empties into the Atlantic ocean.
Molins operating new plant in Tunisia
10 May 2012Tunisia: A new cement plant has begun production in the region of Rouissat Chbika in the governorate of Kairouan, Tunisia. It is a unit of the Tunisian-Spanish Company SOTACIB, a subsidiary of Spanish group Cementos Molins and has cost the company US$2890m. It has created 350 jobs and will produce 4000t/day once it is fully commissioned.