Cement News tagged under: Italy
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... |
Cementir shows strong 1Q recovery15 May 2019, Published under Cement NewsCementir's first-quarter turnover recovered by 9.1 per cent to EUR264.4m (US$296.4m) and EBITDA rose by 39.8 per cent to EUR33.7m, while at the trading level the advance was reduced to 23.6 per cent to EUR7.8m. At the pretax level, there was a swing from a EUR7.2m profit to a loss of a EUR0.3m. Net debt at the end of March was EUR416.4m compared with EUR387.1m a year earlier, to give a gearing level of 16.9 per cent. The number of employees increased by 2.6 per cent to 3063. Shipments of ... |
Buzzi Unicem 1Q19 benefits from better weather15 May 2019, Published under Cement NewsBuzzi Unicem's first-quarter turnover rose by 21.7 per cent to EUR656m (US$735.2m), having fallen by 8.4 per cent a year earlier, with turnover having improved in all countries apart from Brazil. Net debt at the end of March was 16.1 per cent higher at EUR1033.5m. Cement deliveries improved by 16.9 per cent to 6Mt, while group ready-mixed concrete deliveries advanced by 7.3 per cent to 2.6Mm³. The Italian turnover improved by 16.6 per cent to EUR119.6m, thanks to the better weather condit... |
Vicat can expect higher returns in USA and Brazil10 May 2019, Published under Cement NewsThis week Vicat announced its 1Q19 results with a positive turnover increase of 4.7 per cent to EUR600m. It is a good opportunity to take a closer look at this multinational and the strength of cement demand in some of the countries where it is operating. In France, where the company's headquarters are located, the market has been one of the key supports in Vicat's 8.1 per cent rise in turnover to EUR225m. The company cited favourable macroeconomic and industry conditions supported by high ... |
HeidelbergCement02 May 2019, Published under Cement NewsHeidelbergCement has sold the 0.7Mta Spoleto cement works to Colacem and agreement has been reached to sell the Testi integrated cement works and two grinding centres to Buzzi Unicem, with completion envisaged by the end of July. The Indonesian subsidiary Indocement is looking for four per cent sales growth in 2019 to some IDR1.1bn, with most of the growth coming in the second half. This compares with a 5.3 per cent growth rate in 2018 when the net profit fell by 38.4 per cent. |
Aalborg puts Cementir on a better global footing23 April 2019, Published under Cement NewsThis week Aalborg Portland , owned by Cementir Holdings, reported a record turnover in 2018 of DKK8.895bn (US$1.37bn), the highest that the company has achieved, due to higher sales volumes following acquisitions in Belgium and the US. Aalborg’s key role Aalborg Portland's latest results highlight the importance of the Denmark-based company in supporting Cementir Holdings’ operations throughout the world. It is a key part of Cementir’s 3.3Mta white cement capacity and 20 per cent share ... |
Colacem acquires Cemitaly's Spoleto facility03 April 2019, Published under Cement NewsItaly’s Colacem has announced the acquisition of Cemitaly’s 0.7Mta Spoleto cement plant for an undisclosed sum. Cemitaly was unveiled as the new branding of Cementir Italia in 2018, after it was acquired by the Italcementi Group earlier in the year. "We are confident that the cement sector will have a significant role in the near future," said Colacem in a statement. "In our country there's a need for greater public and private investments for increasingly safe, efficient, innovative and s... |
Buzzi Unicem announces resignation of non-executive director22 March 2019, Published under Cement NewsBuzzi Unicem has announced that Luca Dal Fabbro will be resigning from his position of non-executive director, effective from the end of the board meeting on 28 March 2019. He was appointed on 8 February 2018 in place of Oliviero Maria Brega, who had passed away. Mr Dal Fabbro has decided to leave his position after his name had been indicated for the presidency of Snam SpA by the majority shareholder, according to a press release. The company thanked him for his contribution and noted that... |
Cementi Rossi’s ORC solution25 February 2019, Published under Cement NewsOrganic Rankine Cycle (ORC) technology for waste heat recovery is a widely-proven technology for cement factories. A new tailored, turnkey ORC unit for Italian producer Cementi Rossi will feed about 30 per cent of its Pederobba plant’s needs, with higher efficiency, improved safety and lower environmental impact in mind. By Exergy, Italy. Exergy has designed a customised and compact ORC solution to convert approximately 15MWth into 3.5MWe of electrical energy at Cementi Rossi’s Ped... |
FCB Horomill® turns 2525 February 2019, Published under Cement NewsThis year marks the 25th anniversary of the FCB Horomill ® , a breakthrough technology for raw meal, cement, slag and minerals grinding. Having actively participated in the development of the mill, Buzzi Unicem reflects on the evolution of the technology in terms of mechanical, wear protection, process and layout developments. By Giovanni Battista Auxilia & Luigi Buzzi, Buzzi Unicem, Italy. Buzzi Unicem’s Mexican associate Cementos Moctezuma employs the FCB Horomill to grind raw meal... |