Spain: Cementos Portland Valderrivas (CPV) has posted a loss of Euro83m for the first nine months of 2012, almost 10 times the loss for the same period in 2011. The negative performance was attributed to the weak demand in Spain, which could not be offset by the activities abroad. CPV's turnover totalled Euro505m, of which Euro253.6m was generated in the domestic market and Euro251.4m came from abroad. Cement demand in Spain fell by 34.6% over the period, while in the company's two main foreign markets, the USA and Tunisia, it rose by 9.8% and 11%, respectively.
CPV ramps up loss 10-fold
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