Cement News tagged under: Buzzi Unicem

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Buzzi Unicem's net sales rise 6% in 1H21

04 August 2021, Published under Cement News

Buzzi 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 Unicem

01 July 2021, Published under Cement News

The 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 FY21

10 May 2021, Published under Cement News

Buzzi 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 assets

19 April 2021, Published under Cement News

The 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 2021

30 March 2021, Published under Cement News

Buzzi 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 Statement

29 March 2021, Published under Cement News

The 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 ...

Buzzi Unicem reports stable 2020 volumes in spite of pandemic

12 February 2021, Published under Cement News

This week, Buzzi Unicem released its FY20 preliminary results. The Italian-based cement producer announced cement volumes of 29.3Mt, a YoY rise of 0.4 per cent despite the difficulties of the COVID-19 pandemic. The COVID-19 pandemic caused an unprecendented recession in the first half of 2020. The extraordinary economic policy packages taken out helped cushion the impact from the contraction of international trade, while the loosening of restrictive measures by the second half helped deli...

CI4C consortium makes progress with carbon capture project

19 November 2020, Published under Cement News

The pilot project "catch4climate", for which four cement manufacturers have joined forces, is set to capture CO 2 at the site of the Mergelstetten cement plant in southern Germany. For this, the consortium intends to build and operate its own demonstration plant on a semi-industrial scale, where the oxyfuel process will be applied for CO 2 capture. The captured CO 2 will then be used to produce "reFuels", climate-neutral synthetic fuels such as kerosene for air traffic, with the help of r...

Buzzi Unicem proposes mandatory conversion of saving shares into ordinary shares

12 October 2020, Published under Cement News

Buzzi Unicem has announced its intention to convert savings shares into ordinary shares to streamline and simplifying the capital structure of Buzzi Unicem SpA, as well as at reducing corporate obligations and costs associated with the existence of different categories of shares. The Board of Directors of Buzzi Unicem SpA resolved to submit the proposal to shareholders for the mandatory conversion of savings shares into ordinary shares (the 'Conversion'), on the basis of a conversion rati...

Germany: leading the recovery

05 October 2020, Published under Cement News

The German cement sector has fared better than most during the pandemic. Cement demand is forecast to remain stable this year, with a more cautious outlook for 2021. Meanwhile, producers are embracing the latest technology for a leaner, greener manufacturing base. HeidelbergCement’s plant at Burglengenfeld, Germany, was modernised in 2017-18 with a new kiln, baghouse and SNCR system Germany’s economic growth slowed to 0.6 per cent in 2019 from 1.5 per cent the previous year,...