Displaying items by tag: Spain

Spain: Molins recorded a net profit of €141m in the first nine months of 2025, down by 8% year-on-year, mainly due to the depreciation of the Mexican and Argentine currencies. On a like-for-like basis, net profit rose by 3% compared with the corresponding period in 2024. Revenues were €1bn, 2% lower than the same period last year, but up by 7% at constant exchange rates, driven by selling price adjustments amid slowing demand and global uncertainty. Earnings before interest, taxation, depreciation and amortisation (EBITDA) totalled €263m, down by 4%, but up by 6% at constant currencies, supported by higher operating efficiency and favourable pricing effects. The company also achieved one of its 2030 Sustainability Roadmap goals, reducing its clinker factor below 67%, placing it ahead of its 2030 target.

Spain: Cement consumption rose by 19.5% year-on-year in September 2025 to 1.49Mt, 243,000t more than in the same month of 2024, according to data from Oficemen. Cumulative growth for the first nine months reached 10%, with total consumption at 12.0Mt, 1.06Mt higher than in September 2024.

Officemen director general Aniceto Zaragoza said “Although consumption trends are very positive, it's important to put the data into context: we are still below the level necessary to adequately cover our country's public works and housing needs. According to the Bank of Spain, the current deficit is 700,000 new homes. To meet this demand, it would be necessary to reach consumption of around 20Mt/yr - the same as in 2011 - which shows that there is still clear room for growth.” Rolling-year data shows total consumption at 15.96Mt, up by 10% year-on-year. Exports fell by 8.5% in the first nine months of 2025 to 3.39Mt, with a sharp 24% drop in September 2025, while imports rose by 31% to 1.40Mt.

Spain: Maritime traffic between the ports managed by the Valencia Port Authority - Valencia, Sagunto and Gandia - and Israel rose by 25% in 2024. The ports of Valencia and Sagunto maintain a direct connection with Ashdod, 40km south of Tel Aviv. Since the start of the conflict in Gaza and until September 2025, Israel has imported more than 165,000t of white cement from the Port of Valencia, compared to virtually none in 2023, according to official data from the Port of Valencia via the El Diario newspaper. Up to 15 ships carrying white cement from Çimsa Cementos’ Buñol plant have reportedly departed from Sagunto for Ashdod. Industry experts said these exports represent around 12% of Buñol’s 700,000t/yr capacity. For comparison, Holcim’s Sagunto plant produces 110,000t/yr of white cement.

Spain: Cemex has signed a collaboration agreement with Enagás, through its subsidiary Scale Green Energy, to develop logistics solutions for the maritime transport of captured CO₂ from cement production, aiming to accelerate industrial decarbonisation. The partnership will explore options for transporting captured CO₂ via pipeline. It includes developing a full CO₂ value chain, from capture at Cemex facilities to maritime shipment in liquefied form aboard a new vessel designed by Scale Green Energy, to eventual delivery to a licensed storage site in southern Europe. Scale Green Energy plans to design a next-generation vessel with a capacity of 20,000m³ for the transport of liquefied CO₂, enabling flexible and efficient transport to multiple Mediterranean storage hubs.

Jesús Saldaña, general manager of business development and investee companies at Enagás, said “This alliance to develop comprehensive logistics for the maritime transport of captured CO₂ represents an opportunity for Enagás and Cemex to jointly lead innovation to help decarbonise the industry, boosting its competitiveness, and for Spain to play a leading role in achieving the European Commission's goal of capturing 50Mt of CO₂ by 2030.”

Benjamín Cabrera, director of cement and technology operations at Cemex Spain, added “To advance the decarbonisation of the cement industry, it is essential to develop large-scale logistics solutions that allow us to manage large volumes of CO₂ safely, efficiently, and competitively. This agreement lays the foundations for a pioneering infrastructure that will connect Cemex plants in Spain with the main storage hubs in the Mediterranean.”

Spain: Cement consumption rose by 8% year-on-year to 10.5Mt in the first eight months of 2025, an increase of 0.8Mt compared to the same period in 2024, according to data from the Spanish Cement Manufacturers Association (Oficemen). Growth accelerated over the summer, with July and August 2025 registering double-digit increases of 12% and 13%, to reach 1.52Mt and 1.17Mt respectively. July 2025 marked the highest monthly consumption since September 2011. In total, an additional 0.29Mt were consumed in July and August 2025 compared to the same period in 2024.

On a rolling annual basis, consumption reached 15.7Mt between September 2024 and August 2025, up by 9% year-on-year, equivalent to 1.31Mt more. Ricardo de Pablos, newly elected president of Oficemen, said “As we progressed before the summer, all indicators point to our performance this year being more positive than expected. In this context, in which sustainability and decarbonisation are major challenges, the improvement in our results, despite the difficulties the sector has experienced due to the impact of recent crises, contributes to continuing to advance toward our goal of net-zero emissions.”

Exports fell by 6% in the first eight months of 2025, totalling 3.06Mt, down by 0.18Mt from the same period in 2024. Oficemen noted a 20% decline in July 2025 exports that was only partially offset by 14% growth in August 2025. Imports continued to rise, up by 12% year-on-year to 1.11Mt of cement and clinker through August 2025, 0.12Mt more than in the same period in 2024.

Spain: Titan Group has appointed Juan Moreno as Investment and Business Development Manager. Moreno previously worked as a Venture Architect for Cemex Ventures from 2017 to 2025. Before this he was a consultant as the Boston Consulting Group. He holds a master’s degree in civil engineering from the Universidad Politécnica de Madrid and a master’s of business administration qualification from INSEAD.

Spain: IKN is progressing with its satellite replacement project at Grupo Cementos Portland Valderrivas’ Fábrica Els Monjos plant. The project includes the replacement of a cooler with an IKN grate cooler, with a new cooler building, burner and a complete vent air dedusting system. On pier two, IKN is fitting a new shell section and replacing the equipment on the pier, including a new base frame, rollers with bearings and CFU.

The company reported two major milestones: the new kiln section, including the tyre, was successfully lifted into place as one piece, shortening installation time; and the pre-assembly and positioning of the cooler, which was moved into its final position.

Spain: Oficemen has elected Ricardo de Pablos as its president. He succeeds Alan Svaiter, the CEO Spain of Votorantim Cimentos, who has been in post since mid-2023.

De Pablos is the CEO of Holcim España. He started his career working as a consultant for PriceWaterhouseCoopers. He then joined Holcim España in 2005 holding roles in both the commercial and management side of the business. He became the company’s Commercial Director in 2022 and its CEO in 2024. De Pablos holds a master’s degree in industrial engineering from the Universidad Politécnica de Madrid and an executive masters of business administration from the IE Business School.

Spain: Cemex has appointed Oliver Chaddock as Trading Head for Europe, Middle East, Africa and Asia. He has worked for Cemex in trading roles since the late 2000s, becoming a planning analyst in 2008 and moving on to director-level trading roles from 2011. His last position was as Trading Director for Europe, Middle East and Africa. Chaddock holds an executive master of business administration (MBA) qualification from the IE Business School in Madrid.

Spain: FCC recorded net attributable profit of €80.7m in the first half of 2025, 71% lower year-on-year than the €279m for the same period of 2024. The group explained that the reduction was due to the financial spin-off of its cement and real estate divisions (now Inmocemento) and unfavourable exchange rate fluctuations. Between January and June 2025, FCC's consolidated net revenue amounted to €4.56bn, a 7.6% increase compared to the same period in 2024.