Grupo Uralita (Uralita Group)
TypePublic
BMAD: URA
IndustryGeneral Building Materials
Founded1907
HeadquartersMadrid, Spain
ProductsBuilding Insulation, Drywall, Gypsum, Roofing, Piping
Revenue €1,094.9 million (2007) [1]
Number of employees
4,059 (2007-12-31)
Websitewww.uralita.com

Uralita is a Spanish construction materials multinational enterprise, founded in 1907 as Roviralta y Cía. Uralita produces insulation, gypsum, roofing and piping systems.

It became associated in Spain to its fiber cement products, to the point that uralita is a common name for (asbestos) fiber cement in Spain of any brand.[2]

In 1982 he acquired the Bruguer paint brand. Four years later, the AkzoNobel company — then called Akzo Nobel Coatings — acquired the entire paint division of Uralita, called Industrias Procolor, thus passing Bruguer into the hands of the Dutch company.[3]

In 2008, Uralita's sales reached, 1007 million euros, out of which more than 55% was made outside Spain. Uralita has its corporate offices in Madrid. On December 31, 2008, it possessed a personnel of 4006 employees and 41 factories in operation in Europe, and two under construction.

In July 2010, Spanish courts ordered Uralita to pay €3.9 million compensation to people who had lived near its Barcelona factory. The newspaper El País reported that this is the first time that a company has been ordered to compensate residents (as opposed to employees) for asbestos exposure.[4]

In 2015, it changed its name to COEMAC (Corporación Empresarial de Materiales de Construcción, "Business corporation of building materials").

In June 2020 the company enters bankruptcy. The board of directors of COEMAC S.A. informs of the appointment and acceptance of the position of Insolvency Administrator by Barrilero y Zubizarreta Insolvency, A.I.E. and the authorization granted by the latter to delay the legal obligation to prepare the annual accounts for the 2019 financial year until the month following the presentation of the inventory and list of creditors.[5]

See also

References

  1. ↑ "Overview of the Uralita Group". December 2007.
  2. ↑ "uralita". Diccionario de la lengua española (in Spanish) (23.6 ed.). Real Academia Española - ASALE. 2022. Retrieved 30 April 2023.
  3. ↑ "Edición del domingo, 17 mayo 1998, página 23 - Hemeroteca - Lavanguardia.es". hemeroteca.lavanguardia.com. Retrieved 2022-05-11.
  4. ↑ "Spanish court issues landmark asbestos ruling". AFP. Retrieved 6 August 2010.
  5. ↑ "Administrador concursal junio 2020" (PDF).
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