Cementos Molins records uptake in profit

Spain-based Cementos Molins recorded a 65 percent increase in profit to USD 50.8 million in 2015 as compared to the same period a year earlier, reports Yahoo.

The company benefitted from the better earnings in the domestic market.

Cementos Molins has investments underway in Mexico, Bolivia and Colombia, as a new production line at the plant Apazapan of Mexico, which will double the current capacity, and a cement factory in Bolivia.

Both facilities are likely to become operational in late 2016, while the project for the construction of a new cement plant in Colombia expected to begin operation in 2018.