Cement News tagged under: Buzzi Unicem
Cemex and Buzzi Unicem complete Kosmos Cement sale to Eagle Materials Inc09 March 2020, Published under Cement NewsCemex has divested its 75 per cent share in its partnership with Buzzi Unicem of Kosmos Cement in Louisville, Kentucky, USA, to Eagle Materials Inc. The divestment is for an aggregate amount of US$665m, of which Cemex will receive approximately US$499m. Meanwhile, Buzzi Unicem has sold its 25 per cent share in Kosmos Cement to Eagle Materials Inc. The deal includes the divestment of the Louisville cement plant and seven terminals and raw material reserves. |
Buzzi Unicem cement sales reach 29.1Mt in 201910 February 2020, Published under Cement NewsBuzzi Unicem's sales volumes during 2019 exceeded the level reached in the previous year in all the areas where it operates, thanks to the robust growth recorded in the USA. Group cement sales stood at 29.1Mt, up 4.3 per cent compared to 2018. Ready-mix concrete output, amounting to 12.1Mm 3 , was in line with the volumes of the previous year (+0.2 per cent). Consolidated net sales increased by 12.1 per cent, from EUR2873m to EUR3221m. Variances in the exchange rates, mainly consisting of ... |
Eagle Materials' acquisition of Kosmos receives approval14 January 2020, Published under Cement NewsThe US-based Federal Trade Commission (FTC) has cleared Eagle Materials Inc’s agreement to acquire certain assets from Kosmos Cement Company, Kentucky, a joint venture between Cemex and Buzzi Unicem. The anti-trust approval was received on 9 January. The assets being divested consist of the 1.7Mta cement plant in Louisville and seven distribution terminals as well as raw material reserves. The net proceeds obtained from this transaction will be distributed to Cemex and Buzzi Unicem in... |
Cement Innovation for Climate research initiative created12 December 2019, Published under Cement NewsOn 6 December 2019, Dyckerhoff (Buzzi Unicem group), HeidelbergCement AG, Schwenk Zement KG and Vicat founded the joint research corporation CI4C – Cement Innovation for Climate – which is currently waiting for final approval from the antitrust authorities. The aim of the corporation is to realise the joint research project catch4climate, which will investigate the practical applicability of the oxyfuel carbon capture technology in the cement production process. In the frame of the catch4cl... |
Eagle Cement acquires Cemex's shares in Kosmos Cement27 November 2019, Published under Cement NewsKosmos Cement Co in Kentucky, USA, a joint venture between Cemex and Buzzi Unicem, has signed an agreement for the sale of certain assets to Eagle Materials. The US$665m transaction is expected to close in the 1Q20 following regulatory approvals. The assets being divested consist of the 1.7Mta cement plant in Louisville and seven distribution terminals as well as raw material reserves. The net proceeds obtained from this transaction will be distributed to Cemex and Buzzi Unicem in line w... |
Cemex reportedly looks to sell stake in Louisville plant22 November 2019, Published under Cement NewsCemex is reportedly looking for a buyer for its controlling interest in the Kosmos cement plant in Louisville, Kentucky, USA. The company is working with Bank of America Corp and Citigroup Inc on the sale of its 75 per cent stake, said the unnamed sources for El Financiero. The remaining stake in the company is owned by Buzzi Unicem. The sources also noted that no definitive decisions have been made and the deliberations may not lead to a transaction. |
Buzzi Unicem sees improved cement volume and stable in concrete08 November 2019, Published under Cement NewsBuzzi Unicem's turnover for the first nine months of 2019 was up by 13.4 per cent to EUR2423.6m, but ignoring exchange rate movements the increase would have been 9.9 per cent. Net debt at the end of September was EUR13.3m lower than a year earlier at EUR710.1m. Capital investment in the period was 19.2 per cent higher at EUR260.8m. Cement deliveries were 5.7 per cent higher at 22.13Mt, while ready-mixed concrete deliveries advanced by just 0.4 per cent to 9.1Mm³. The Italian turnover wa... |
Buzzi Unicem reports strong 1H EBITDA05 August 2019, Published under Cement NewsBuzzi Unicem's first-half turnover improved by 13.6 per cent to EUR1518.7m and EBITDA rose by 26.9 per cent to EUR288.6m. Group cement deliveries improved by 7.1 per cent to 13.9Mt, but ready-mixed concrete deliveries eased by 0.5 per cent to 5.8Mm³. The first-half results include a EUR12.3m non-recurring benefit arising from the first time adoption of IFRS 16. The depreciation and impairment charges increased by 18.3 per cent to EUR123m and the 1H trading profit advanced by 34.1 per cent... |
Ukraine moves to protect local cement industry31 May 2019, Published under Cement NewsThis week UkrCemFor 2019 got underway in Kyiv to focus on developments in Ukraine's cement sector. While the domestic industry is well supported by the four multinational producers Eurocement, CRH, Dyckerhoff (Buzzi Unicem group) and HeidelbergCement as well as Ukraine's Ivano-Frankivskcement, it has been under great pressure from increasing imports. Imports into Ukraine have steadily increased. Belarus was the largest supplier of foreign cement into the country in 2018, accounting for 58... |
Time for a Brazilian adventure?28 May 2019, Published under Cement NewsFollowing the entry of Titan Cement into Brazil in 2016, fellow multinational cement producers Vicat and Buzzi Unicem have recently stepped into the local cement market despite the country’s falling cement demand last year. Others may follow this trail if Brazil’s cement market shows further signs of growth in 2019, but timing will be key. While cement demand declined in 2018, forecasts for 2019 indicate better times ahead Brazil remains one of the largest cement markets in the ... |