Cement News tagged under: Buzzi Unicem
Buzzi Unicem FY21 preliminary regional results see 7% rise in cement sales10 February 2022, Published under Cement NewsCement sales of the Buzzi Unicem group amounted to 31.2Mt in 2021, increasing by 6.7 per cent when compared to 2020. Ready-mix concrete output, which stood at 12.1Mm 3 , was also up, by 3.4 per cent, compared to the volumes of last year. Consolidated net sales for the financial year increased from EUR3222.4m to EUR3445.6m. The sales volumes achieved by the group in 2021 exceeded the level of those reached in the previous year, thanks to the progress recorded in Italy, the USA and easter... |
Italgas and Buzzi Unicem sign power to gas agreement19 January 2022, Published under Cement NewsItalgas and Buzzi Unicem have signed an agreement for the development of a feasibility study on the implementation of Power to Gas plants in combination with carbon capture systems at Buzzi Unicem's cement production plants. The implementation of these technologies is aimed at promoting the decarbonisation of cement and concrete production processes to increase environmental sustainability and facilitate the energy transition. In particular, the study will assess the possibility of p... |
Buzzi Unicem records 9M21 cement sales of 23.4Mt09 November 2021, Published under Cement NewsBuzzi Unicem SpA has reported a 7.5 per cent rise in cement sales volumes in the first nine months of 2021, increasing to 23.36Mt from 21.72Mt. Consolidated net sales stood at EUR2541.7m (US$2938m), up 5.6 per cent against EUR2408m in the 9M20. The unfavourable variances in exchange rates had an impact of EUR85.2m. On a like-for-like basis, turnover would have increased by 9.1 per cent, according to the group. During the summer quarter, the performance of demand was favorable especiall... |
Buzzi Unicem's 9M21 regional results improve in USA and Eastern Europe09 November 2021, Published under Cement NewsThe sales volumes achieved by Buzzi Unicem in the third quarter of the current year showed a positive development in the United States and in Eastern Europe, which more than offsets the partial slowdown observed in Italy, mainly due to a high-base comparison, and a more evident contraction in Germany, also penalised by the unfavourable weather in July. In Italy, in the first 9M21, sales volumes nonetheless stood well above the level reached last year, with prices that confirmed the pos... |
Buzzi Unicem's net sales rise 6% in 1H2104 August 2021, Published under Cement NewsBuzzi Unicem's net sales in the 1H20 increased 5.8 per cent, standing at EUR1608.7m versus EUR1520.1m in 1H20, while EBITDA improved by 12.3 per cent, advancing from EUR313.9m to EUR352.5m. After amortisation and depreciation of EUR122.8m (EUR128.4m in the previous year), EBIT amounted to EUR229.7m (EUR185.5m in 1H20). The income statement for the 1H21 closed with a net profit of EUR209.7m, compared to EUR216.7m in the same period of 2020. Cement sales of the group in the first six mon... |
S&P upgrades credit rating of Buzzi Unicem01 July 2021, Published under Cement NewsThe Standard and Poor (S&P) credit rating agency has upgraded the creditworthiness of Buzzi Unicem, as of 30 June 2021. It has now raised its long-term rating from ‘BBB-’ to ‘BBB’. The short-term rating has also been upgraded to ‘A-2’ from ‘A-3’, while its outlook has been classed as stable. |
Buzzi Unicem reports consolidated net sales of EUR3.22bn for FY2110 May 2021, Published under Cement NewsBuzzi Unicem’s financial statements for the year ended 31 December 2020 reported consolidated net sales came in at EUR3222.4m, virtually unchanged compared to EUR3221.4m in 2019. EBITDA stood at EUR780.8m (EUR728.1m in 2019). The income statement reported a consolidated net profit of EUR560.2m versus a profit of EUR385.7m in 2019. As at 31 December 2020, net debt amounted to EUR241.6m, down EUR326.2m from EUR567.8m at 2019 year-end. Total equity, inclusive of non-controlling interests, s... |
Brazilian Companhia Nacional de Cimento completes the purchase of CRH Brasil assets19 April 2021, Published under Cement NewsThe Brazilian antitrust authority, CADE, in accordance to the agreement disclosed on 26 October 2020, has confirmed Brazilian Companhia Nacional de Cimento’s (CNC) purchase of all the businesses of the CRH group operating in Brazil (CRH Brasil and its subsidiaries). CNC is a wholly-owned subsidiary of BCPAR, holding company in which Buzzi Unicem owns 50 per cent of the share capital in a joint venture with Grupo Ricardo Brennand. The consideration paid takes into account the price originall... |
Buzzi Unicem outlook for 202130 March 2021, Published under Cement NewsBuzzi Unicem's Board of Directors gave an outlook for 2021 with expected sales recovery in Italy and an economic recovery in the USA, while forecasting higher industry inflation forces for building material production going forward. In Italy construction investments are expected to grow moderately, mainly favoured by the residential building renovation sector and by a gradual recovery of activity in the commercial and public segments. In this context, Buzzi Unicem believe that a recovery... |
Buzzi Unicem's Board of Directors assesses 2020 Consolidated Financial Statement29 March 2021, Published under Cement NewsThe Board of Directors of Buzzi Unicem SpA have examined the statutory and consolidated financial statements for the year ended 31 December 2020. In the year under review, the group sold 29.3Mt of cement, up 0.4 per cent compared to 2019 and 11.7Mm 3 of ready-mix concrete, down compared to the figure recorded in the previous year (-3.1 per cent). Consolidated net sales remained virtually unchanged during the two years, increasing from EUR3221.4m to EUR3222.4m. Changes in scope had a ... |