Forte to close Spanish plant

Spain-based concrete producer Forte Hormigones Tecnologicos has filed for administration due to mounting debts. In a bid to save the business, the company will remain in operation but is to close one its eight concrete plants in order to save costs. The company is believed to be in talks with investors from Nigeria, Qatar and Brazil about a rescue package.

March 28, 2012 Read time: 1 min

Spain-based concrete producer 4496 Forte Hormigones Tecnologicos has filed for administration due to mounting debts. In a bid to save the business, the company will remain in operation but is to close one its eight concrete plants in order to save costs. The company is believed to be in talks with investors from Nigeria, Qatar and Brazil about a rescue package.

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Forte Hormigones Tecnologicos

Votorantim Cimentos ends 2021 with a 244% net profit rise to R$1.6bn

Votorantim Cimentos ended 2021 with net profit of R$1.6 billion (US$336.1mn), an increase of 244% compared to 2020, primarily due to better-operating results—with growth in sales in all regions where the company operates—and gains related to the consolidation of acquisitions made in North America and Spain.