Cement News tagged under: Italy
Cementir sets out plans in the run-up to 202027 June 2018, Published under Cement NewsIn the company's 2018-20 business plan, Francesco Caltagirone Jr, chairman and CEO of Cementir, vowed to generate more value for shareholders, presenting his vision for the next two years. Cementir's revenue is expected to grow by 5.5 per cent between 2017 and 2020, with a target set at EUR1.34bn in 2020. EBITDA is expected to rise by 6.6 per cent to EUR270m from EUR223m in 2017. To improve profitability and efficiency in all areas, the company would continues its drive to rationalise pro... |
Colacem completes Maddaloni Cement acquisition12 June 2018, Published under Cement NewsColacem SpA acquired on 1 June 2018 the entire share capital of Maddaloni Cement Srl, owner of a 0.3Mta cement manufacturing plant based in Maddaloni (CE), from Cementir Italia SpA (HeidelbergCement group). The transaction, which has been successfully finalised by the directors of the Colacem Board, will increase the domestic market share held by Colacem. "This step demonstrates our trust in the potential of our country and in the role cement will play as an indispensable product today... |
Buzzi Unicem hit by poor weather and early Holy Week11 May 2018, Published under Cement NewsBuzzi Unicem's first-quarter turnover declined by 8.4 per cent to EUR539.1m as a harsh winter took its toll in many countries. Net debt at the end of March was 3.9 per cent higher at EUR896.2m, while capital expenditure was increased by 6.3 per cent to EUR52.3m. Cement deliveries eased by 1.6 per cent to 5.1Mt, while group ready-mixed concrete deliveries declined by 6.3 per cent to 2.4Mm³. The Italian turnover improved by 8.3 per cent to EUR103m, thanks to the inclusion of the former Cem... |
Cementir suffers 1Q18 weather effects11 May 2018, Published under Cement NewsCementir's first-quarter turnover declined by 13.4 per cent to EUR242.3m, while adjusting for the Italian operations disposed of, the reduction was a more modest 1.6 per cent. EBITDA improved by 4.7 per cent to EUR24.1m, while at the trading level there was a swing from a EUR0.95m loss to a EUR6.31m profit. Helped by the interest line turning positive, the pretax result went from a EUR6.18m loss to a profit of EUR7.20m. Net debt at the end of March was EUR387.1m compared with the EUR646.4m a... |
Ciment de Bizerte exports clinker to Italy08 May 2018, Published under Cement NewsCiment de Bizerte scheduled a ship to sail on 3 May from Tunisia to Italy, carrying around 8000t of clinker, as part of its export programme and continued performance tests of the company's new wharf facilities. The company has scheduled an additional 30,000t of clinker exports later in the month as well as the unloading of a petcoke vessel to ensure the smooth running of its facilities. Last month Ciment de Bizerte resumed exports to Cameroon . |
Buzzi Unicem Full Year 2017 results29 March 2018, Published under Cement NewsIn 2017 Buzzi Unicem group sold 26.8Mt of cement (+4.4 per cent compared to 2016) and 12.3Mm 3 of ready-mix concrete (+3 per cent YoY). Consolidated net sales increased by 5.1 per cent, from EUR2669.3m to EUR2806.2m. EBITDA decreased by 7.7 per cent from EUR550.6m to EUR508.2m. The foreign exchange effect was negative for EUR2m. The figure for the year under review includes non-recurring costs of EUR68.2m, of which EUR59.8m for antitrust sanctions inflicted to the Italian cement sector, ... |
Cementir announces 13% EBITDA rise in 201809 March 2018, Published under Cement NewsCementir reported a 10.9 per cent increase in revenues to EUR1.14bn in 2017 from 1.028bn in 2016. EBITDA advanced by 12.6 per cent to EUR222.7m while net profit edged up 6.2 per cent to EUR71.5m from EUR67.3m. The figures do not include the Cementir Italia Group (discontinued operations), but do include Compagnie des Ciments Belges SA (CCB), which Cementir acquired on 25 October 2016. The company's net financial debt decreased from EUR562.4m to EUR536.6m. Employees reached 3021. "The ye... |
Cementir boosted by full-year results from Belgium15 February 2018, Published under Cement NewsCementir Holding's turnover in 2017 increased by 25.3 per cent to EUR1287.5m and EBITDA was ahead by 11.5 per cent to 220.5m. As regards the continuing business, the turnover advanced by10.9 per cent to EUR1140.0m and EBITDA emerged 13.3 per cent ahead at EUR224.2m, while the trading profit showed a 50 per cent advance to EUR142m. Net debt at the end of 2017 was 4.6 per cent lower at EUR536.6m, while capital investment in the year increased by 33.9 per cent to EUR92m. Since the year end, ... |
Buzzi Unicem expects to report EBITDA close to EUR580m09 February 2018, Published under Cement NewsBuzzi Unicem's turnover in 2017 improved by 5.1 per cent in 2017 to EUR2806m, with a like-for-like improvement of 3.7 per cent after adjusting for the acquisition of Zillo and currency movements. The company expects to report a preliminary EBITDA of nearly EUR580m in 2017 – below their latest guidance. The cement producer attributes the shortfall to a challenging environment in December and expects the impacting factors to be temporary and not affect the company's positive outlook for 2018. ... |
HeidelbergCement on path to consolidate Italian market05 January 2018, Published under Cement NewsHeidelbergCement's acquisition of Cementir Italy via its Italcementi subsidiary will make HeidelbergCement the Italian leader with a combined market share of around 38 per cent, ahead of Buzzi Unicem with 22.5 per cent, according to CIM-CIC Market Solutions. The research house also reports that the antitrust authority analysed the combined positions of the two entities (Italcementi and Cementir Italia) in eight commercial regions: Arquata (AL), Cagnano, Maddaloni, Spoletto, Tarante, Tar... |