Displaying items by tag: Cementos Molins
Cementos Molins to move registered address to Madrid
23 October 2017Spain: Cementos Molins is moving its registered address from the town of Sant Vicenc dels Horts in Catalonia, to Madrid. Sources quoted by the Expansión newspaper say it is due to the legal uncertainty in Catalonia. The company will continue to operate its cement plant in Sant Vicenc dels Horts but the publicly traded company and the group's holding, through which it channels its foreign investments, will be moved.
The Catalan regional government approved an independence referendum held in early October 2017. The central Spanish government rules it illegal and has moved to impose direct rule on the region.
Cementos Avellaneda to spend US$230m on upgrade to plants in Argentina
25 September 2017Argentina: Cementos Avellaneda plans to spend US$230m towards upgrading its La Calera and Olavarría cement plants. The company is a joint venture between Spain's Cementos Molins and Brazil’s Votorantim. US$200m will be used to increase the production capacity of the La Calera plant in San Luis to 1Mt/yr from 0.7Mt/yr by the second half of 2019. US$30m has been targeted to increase the Olavarría plant’s capacity by 0.3Mt/yr. Commissioning is planned for the end of 2017.
Moreno to oversee Sonson plant construction
06 September 2017Colombia: Organizacion Corona has announced that its President Carlos Enrique Moreno will be replaced by Jaime Alberto Angel from October 2017 as head of the Corona Industrial division. Angel will oversee the construction of a US$400m cement plant in the Sonson Municipality of Antioquia, which the group is building as a joint venture project with Spain’s Cementos Molins. The 1.35Mt/yr plant is expected to come online in early 2019.
Moreno said that the decision to split the company’s management was due to the construction of the cement plant. Angel will also look after Corona’s bathrooms and kitchens, materials and paints, energy and industrial supplies and tableware divisions.
Itacamba’s Yacuses cement plant installs WEG motors
29 June 2017Bolivia: Itacamba’s Yacuses cement plant in Germán Busch province has installed several electric motors from Brazil’s WEG. The scope of supply included W22 IP66 low voltage motors and medium voltage slip ring motors with a brush lifting system for continuous operation. Although WEG did not specify the exact application of the motors these products are usually used in drive mills, crushers and fans at cement plants.
Itacamba is a joint venture between Brazil’s Votorantim and Spain’s Molins. WEG has previously supplied its motors with the brush lifting system to several cement plants operated by Votorantim.
Cementos Molins chairman Casimiro Molins Ribot dies
28 June 2017Spain: Casimiro Molins Ribot, the chairman of producer Cementos Molins, has died at the age of 97 years. He had been a member of the board of directors of Cementos Molins for 71 years, where he occupied various executive positions, according to the Expansión newspaper. Casimiro Molins Ribot graduated in Law from the University of Barcelona. In 1945 he was named director and secretary at the board, in 1972 he took the post of chief executive officer (CEO) and since 1986 he has been the chairman of the company.
Cementos Molins continues to grow profit in 2016
03 March 2017Spain: Cementos Molins’s profit rose by 25.6% year-on-year to Euro63.9m in 2016 from Euro50.8m in 2015. However, its sales revenue fell by 12% to Euro561m from Euro638m and its cement and clinker sales volumes fell slightly to 13.7Mt. The cement producer blamed the result on poor sales in Argentina, Uruguay and Tunisia.
President inaugurates Itacamba Cement plant in Bolivia
13 February 2017Bolivia: President Evo Morales has inaugurated the Itacamba Cement plant in Yacuses in the department of Santa Cruz. The plant had an investment of US$220m and has a production capacity of 0.95Mt/yr, according to Via Empressa. Itacamba Cement is a joint venture between Spain’s Cementos Molins, Brazil’s Votorantim Cement and Camba Cement. The cement producer also operates a grinding plant in Puerto Quijarro and its hopes to produce up to 1.2Mt/yr of cement from both sites. The plant is also expected to create up to 540 direct and indirect jobs.
More details on EcoCementos plant in Colombia revealed
19 January 2017Colombia: A new cement plant to be built at Rio Claro in the Sonsón municipality of Antioquia for Empresa Colombiana de Cementos (EcoCementos) will have a production capacity of 1.35Mt/yr. The company is a joint-venture between Spain’s Cementos Molins and Grupo Corona. Cementos Molins and Grupo Corona originally started working together in September 2015 when they formed an alliance to develop their cement businesses in the country, according to the El Tiempo newspaper. The plant is expected to be completed in mid-2019 whereupon it is hoped that it will capture 7% of the market. Once operational the plant will create 450 direct and indirect jobs.
FLSmidth to build cement plant for EcoCementos in Colombia
11 January 2017Colombia: FLSmidth has received an order from OHL Industrial for engineering, procurement and supply of equipment for a complete cement production line with a capacity of 3150t/day. The plant will be located in Rio Claro in the Sonsón municipality of Antioquia. The end client of the project is Empresa Colombiana de Cementos (EcoCementos), a company jointly owned by Cementos Molins and Grupo Corona, with whom OHL Industrial has an engineering, construction and procurement (EPC) contract.
The order includes a complete range of equipment from crushing to packing and loadout. Supply includes an ATOX 37.5 vertical mill for raw grinding, an ATOX 17.5 vertical mill for coal grinding, a ROTAX-2 rotary kiln with low NOx ILC calciner, a FLSmidth Cross-Bar cooler, a JETFLEX burner and an OK(TM) 39-4 vertical mill for cement grinding. The order is planned for completion in the first quarter of 2018.
"The project underlines FLSmidth's strength as a leading supplier of the most productive and energy-efficient equipment and technology - and our market leader position as a full scope plant provider," said FLSmidth Group Executive Vice President, Cement Division, Per Mejnert Kristensen.
Lafarge Surma Cement to buy Holcim Bangladesh
15 December 2016Bangladesh: Lafarge Surma Cement, a joint venture between LafargeHolcim and Cementos Molins, intends to buy a 100% stake in Holcim Bangladesh from LafargeHolcim for US$117m. The transaction is subject to approval by the shareholders of Lafarge Surma as well as other regulatory and customary approvals in Bangladesh. Following the acquisition Lafarge Surma Cement will operate one integrated cement plant and three grinding plants in the country. It will also offer a range of products including Supercrete, Holcim Strong Structure, Holcim Red and Holcim Gold.