Italy’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 sustainable buildings and infrastructure."