Displaying items by tag: Spain
Cementos Molins results show revenue, EBITDA and profit growth
31 October 2019Spain: Cementos Molins’ nine-month income rose by 8.0% year-on-year to Euro594m from Euro550m in the corresponding period of 2018. Its earnings before interest, taxes, depreciation and amortisation (EBITDA) rose by 6.3%. Its South American subsidiaries’ sales and EBITDA outstripped those in other regions. The company’s consolidated net profit for the period rose by 9.7% to Euro70.2m from Euro64.0m in 2018.
Cement consumption falls in Andalusia
09 October 2019Spain: Cement consumption in Andalusia fell by 3.3% in August 2019 to 221,970t. For January – August 2019 total consumption was 1.87Mt. It is thought that this is due to reduction in the region’s construction sector and a lack of civil works.
Exports fell by 58% year-on-year, reaching 88,136t, around 124,719t less than in August 2018. The accumulated value for 2019 is currently 46% lower year-on-year, at 731,720t.
Oficem appoints new president
18 September 2019Spain: The Association of Spanish Cement Producers (Oficem) has elected Víctor García Brosa its president. García Brosa is deputy general director of Cementos Portland Valderrivas (CPV). He was chief executive officer (CEO) at the company from 2015 to 2019. He joined CPV’s strategic planning department in 2005. He now faces the challenge of keeping the Spanish cement sector competitive globally, in addition to being director of multiple companies.
Energy costs for Spanish producers are 20 - 30% higher than in Germany and France. García Brosa has stated that he sees EU carbon dioxide (CO2) emissions rules not as an additional cost, but a challenge to the industry to reconcile its activities with its environment. Domestic cement consumption has fallen by 80% since 2007.
Cement plant coats town in dust
09 September 2019Spain: The residents’ association of San Diego, Galicia, has filed a complaint to the Port of A Coruña over a discharge of cement dust from Cementos Cosmos’ 0.7Mt/yr Niebla plant. La Voz de Galicia has reported that the emission was the result of a broken pipe. Cementos Cosmos, a subsidiary of Votorantim, says that it detected the malfunction instantly, and resolved it within three minutes.
Cemex divests itself of Euro300m Spanish assets
02 September 2019Spain: Following its 2018 appeal against a Euro445m fine for misreporting losses, granted on condition of the company paying the court Euro300m in line with its obtaining specified mortgages and land sales, Cemex continues to release its holdings on the Iberian peninsula.
Cinco Días has reported that Cemex’s Spain operations closed its sale to Turkey’s Çimsa of its White Cement division in the first quarter of 2019 for 180 million. In 2018, the Spanish subsidiary of Cemex divested itself of five pieces of property at a profit of Euro17,000. Its Azuara production line in Saragossa Province generated capital gains of Euro462,000.
In the first half of 2019, Cemex reported earnings before interest, taxes, depreciation and amortisation (EBITDA) in Europe of Euro185m, up by 21% from US$168m in the same period of 2018.
Cemex’s Spanish presence began in 1992, when it acquired the country’s two largest cement companies, and it was hit by the downturn of 2008. La Nueva España reports that Cemex has applied for concessions from the Port of Gijón for storage of a dissembled biomass fuel hopper which had been awaiting shipment to Cemex’s Tilbury plant when the recession struck, grounding it in the the port, where it has remained ever since. Autoridad Portuaria de Gijón, the administrative body responsible, is currently considering Cemex’s application.
Spain: A 29-year old man has died in a failed attempt to base jump at Cemex España’s former integrated plant at San Vicente del Raspeig near Alicante. The deceased wanted to film a nocturnal descent from a 50m tower at the site for his social media channel, according to the El País newspaper. However, his parachute failed to open during the incident. In June 2018 Cemex was denied permission to demolish the San Vicente del Raspeig plant.
Association of Cement Manufacturers of Andalusia calls on government to increase infrastructure projects
02 August 2019Spain: The Association of Cement Manufacturers of Andalusia (AFCA) has lobbied the Regional Government of Andalusia to invest more in infrastructure projects. At a meeting the cement producers asked the local government to support the sector, according to Europa Press. The region’s consumption of cement grew by 8.5% year-on-year to 2.5Mt in 2018 but it is still at a historically low level. Exports fell by 30% to 1.6Mt in 2018 due to rising costs associated with the European Union Emissions Trading Scheme and high local electricity costs.
Spain: FYM-HeidelbergCement has launches a new clinker conveyor at the Port of Malaga. The new Euro2.5m project started by loading 4800t of clinker onto a ship bound for Ireland. The conveyor will continue to be tested in August 2019 with 30,000DWT and 40,000DWT vessels. The enclosed conveyor has a load capacity of 650t/hr. the project also included setting up two storage areas in the Pescadería area of the city.
Spain: Cement consumption has fallen in June 2019 following slowing rates in April and May 2019. Data from the Spanish cement association Oficemen indicates that consumption in June 2019 fell by 2.9% year-on-year to 1.21Mt. Oficemen President Jesus Ortiz attributed the slowdown to slow update of government infrastructure projects.
Spain: FYM-HeidelbergCement plans to spend Euro3m on a new raw slate crusher at its integrated Malaga cement plant. The upgrade will replace two existing crushers and will improve dust and noise emissions. The new crusher will be installed in early 2020, with commissioning scheduled for the middle of the same year. No supplier for the equipment has been specified.
The plant is also about to launch a new clinker conveyor at the Port of Malaga. The enclosed system will deliver clinker from the dock to ships via a telescopic arm with a loading capacity of 650t/hr. The first boat to be loaded with the new system is scheduled for late July 2019. The project cost Euro2.5m.