Corporación Empresarial de Materiales de Construcción, S.A. Auditor Raises 'Going Concern' Doubt

Corporacion Empresarial de Materiales de Construccion SA, formerly Uralita SA, is a Spain-based company primarily engaged in the production and distribution of construction materials. The Company's activities are structured in two divisions: Gypsum and Pipes. The Gypsum division provides plasterboard and drywall systems, as well as a variety of plasters under the Pladur and Algiss brand names. The Pipes division includes the Adequa brand name that manufactures and sells pipes and fittings for drainage, sewerage and soundproof systems, gutters, as well as siphons, among others. The Company is a parent of the Uralita Group, a group which comprises a number of controlled entities. Furthermore, It is a subsidiary of Nefinsa SA.