Production at LafargeHolcim’s Sagunto cement plant in Spain fell by 10% in 2016, the company has confirmed to World Cement. The fall was linked to a decision by Algeria to reduce its cement imports, reported Spanish business newspaper, Expansión.
According to a company press release, the Sagunto plant produces primarily for the export market, shipping 85% of its 2016 cement production and 15% of its clinker production to external markets. Algeria is currently the plant’s largest market, but a push to expand domestic production here has reduced its demand for imported cement.
That demand could end altogether this year, as the North African country brings its annual production capacity up to 6 million t.
Other key markets include France, Greece, Malta, the Dominican Republic, Ecuador and Malaysia. The company is also actively seeking new markets for its product, reported Expansión, to compensate for the potential loss of its largest customer.
According to a recent press release, the plant contributed €32 million to the local economy in 2016. An additional €4 million investment is pending, awaiting approval of an operating license for one of the quarries that supplies raw materials to the plant.
Read the article online at: https://www.worldcement.com/europe-cis/13012017/production-at-sagunto-plant-falls-in-2016/
You might also like
The company's operating result has risen to a record level – group revenue is at €21.2 billion (+4%), with the result from current operations (RCO) at €3.0 billion (+29%).