Cement News tagged under: Buzzi Unicem
Buzzi boosted by strong US performance11 November 2015, Published under Cement NewsBuzzi Unicem's turnover for the first nine months improved by 5.2 per cent to EUR1998.1m while EBITDA rose by 16.4 per cent to EUR352.1m. The trading profit was ahead by 52 per cent to EUR206.9m and net financial charges rose by 65.2 per cent to EUR83.8m. T he contribution from associates increased by 38.0 per cent to EUR50m and the pre-tax profit was ahead by 46.9 per cent to EUR178.9m. The tax charge, however, declined by 11.8 per cent while the minorities charge fell by 68 per cent, le... |
Court of Rome declares validity of Buzzi offer for SACCI02 October 2015, Published under Cement NewsBuzzi Unicem has been informed by SACCI SpA (SACCI) that the Court of Rome has declared the admissibility of the composition plan submitted by SACCI on 21 September 2015. The composition plan includes the binding offer made by Buzzi Unicem for the acquisition of the cement and ready-mix concrete business unit of SACCI. The composition plan will be subject to the vote of the creditors in the meeting set by the Court for 18 January 2016. If the vote of the creditors of SACCI is positive, it ... |
Buzzi Unicem makes binding bid for SACCI15 September 2015, Published under Cement NewsBuzzi Unicem has made a second offer for fellow Italian producer SACCI to acquire its cement and ready-mix concrete business. In a statement Buzzi said it had offered a provisional price of EUR74m to be financed through liquidity on hand and/or existing credit facilities. A further variable outlay is expected on top of the original commitment which will be worth no less than EUR25m, Buzzi said. This variable outlay is connected to certain future events, most importantly the core earning... |
Buzzi Cement see stock market gains of 5%14 August 2015, Published under Cement NewsBuzzi Unicem was the best performer of the FTSE MIB blue-chip index of the Milan Stock Exchange yesterday, trading at more than five per cent higher at EUR16/share, which is the highest price since June 2008. The rise was stimulated by Exane BNP Paribas, which raised the share price target of Buzzi Unicem to EUR21.50, keeping the "outperform" recommendation. The analysts made the recommendation based on the first-half results of the Italian cement manufacturer, which registered a ri... |
Buzzi Unicem: strong growth in America05 August 2015, Published under Cement NewsBuzzi Unicem's first-half turnover improved by 4.9 per cent to EUR1238.2m and EBITDA rose by 20.3 per cent to EUR166.6m. The depreciation and impairment charges came down by 22.4 per cent to EUR96.5m as the writing off goodwill in Ukraine was not repeated. The first half trading profit recovered further from EUR14.1m to EUR70.1m, but the interest charge rose by 10.3 per cent to EUR51.8m and the pretax loss of EUR11.1m a year ago was turned into a profit of EUR54.1m. After a tax charge 82... |
Sika acquires full control of Buzzi joint venture02 July 2015, Published under Cement NewsSika AG acquired the remaining shares of the Italian-based Addiment Italia from its joint venture partner Buzzi Unicem. The company is active in the production and sale of concrete admixtures and cement grinding aids. The transaction will strengthen Sika's production set up in Italy and increase its market presence. Addiment Italia generated sales of EUR14m in 2014. Addiment Italia has a history of over 25 years of experience in the construction market offering a broad range of concrete ad... |
New order for Loesche cement mill in Mexico26 June 2015, Published under Cement NewsCementos Moctezuma has selected Loesche’s LM 53.3+3 C cement mill, including COPE gearbox, to increase production capacity at its plant in Apazapan, Mexico. Loesche LM 53.3+3 C The VRM mill will be used to produce 205tph CPC 30 cement at 4000 Blaine as well as 95tph CPC 40 cement, also at 3700 Blaine. The scope of supply also includes a Loesche Dynamic Classifier as well as the COPE gearbox, including gearbox drive motors develop in cooperation with RENK AG. The COPE gearbox... |
Buzzi hosts Missouri delegation at company HQ24 June 2015, Published under Cement NewsAt the end of March, Buzzi Unicem hosted a delegation of public officials and entrepreneurs from Missouri, led by state governor Jay Nixon. The governor was accompanied by Mike Downing, director of the Economic Development Department of Missouri, Richard Fordyce, director of the Department of Agriculture of Missouri, Tom Dempsey, president Pro Tempore of the Senate, speaker of the House John Diehl, state Senator Jill Schupp, state Representative John Rizzo, and various entrepreneurs and rep... |
Buzzi improves in the USA & central Europe11 May 2015, Published under Cement NewsBuzzi Unicem's first-quarter turnover increased by 3.4 per cent to EUR513.39m and the EBITDA went from a EUR10.26m to EUR27.15m. The loss at the trading level was reduced by 48.6 per cent to EUR19.24m. Net financial charges increased by 31.3 per cent to EUR43.01m giving a seasonal pre-tax loss 24.5 per cent lower at EUR46.16m. Net debt at the end of March was 6.6 per cent higher at EUR1133.3m, giving a gearing level of 45.1 per cent compared with 45.5 per cent a year earlier. Cement deli... |
Buzzi Unicem's bid for Sacci expires05 May 2015, Published under Cement NewsBuzzi Unicem’s offer to buy Sacci SpA has expired after being rejected by the banks and creditors and the bidder is no longer bound to any commitment, the Italian cement major announced. “We inform that the population of the banks and creditors that take part in the debt restructuring agreement pursuant to article 182-bis of the Bankruptcy Law did not endorse the proposal by Buzzi Unicem. The offer has expired today and as such Buzzi Unicem is released from any subsequent commitment,” Buzzi... |