Cement News tagged under: Buzzi Unicem
Buzzi Unicem and Wietersdorfer deal completed31 July 2014, Published under Cement NewsBuzzi Unicem has completed a strategic agreement with Wietersdorfer initially announced in February this year. Under the terms of the deal, Buzzi Unicem is receiving EUR22m from W&P Cementi for its 0.3Mta cement works at Cadola (Italy) and the right to acquire the 0.4Mta Travesio (Italy) cement plant within the next five years. At the same time, Buzzi Unicem is paying some EUR22m for a 25 per cent stake in Salonit Anhovo, the leading cement producer in Slovenia with a capacity approaching ... |
S&P affirms Buzzi rating, raises outlook22 May 2014, Published under Cement NewsBuzzi Unicem informs that today Standard & Poor’s affirmed the long-term corporate rating (BB+) and the short-term rating (B) on Buzzi Unicem, revising the outlook to stable from negative. |
Buzzi Unicem hit by weak Italian market28 March 2014, Published under Cement NewsOn a turnover 2.1 per cent lower at EUR2753.1m, Buzzi Unicem's EBITDA improved by 5.7 per cent to EUR481.2m. After writing down the assets in Italy and Ukraine by EUR57.7m and EUR39.9m, respectively, the trading profit (EBIT) showed a 24 per cent reduction to EUR149.8m. After a net interest charge 12.4 per cent lower at EUR110.5m, the pre-tax profit declined by 35.4 per cent to EUR50.3m. Because of a mismatch between where profits and losses were generated and tax payments, at the consoli... |
Marketfield Asset Management raises Buzzi stake25 February 2014, Published under Cement NewsMarketfield Asset Management LLC has raised its stake in Buzzi Unicem to seven per cent from 5.3 per cent, as discretionary asset management, Italy's stock market regulator Consob said. The transaction was carried out on 10 February 2014. A total 6.64 per cent of the stake is held on behalf of Mainstay Marketfield Fund. Abstracted from an original article in Il Sole 24 Or. |
Buzzi in strategic agreement with W&P Cementi19 February 2014, Published under Cement NewsBuzzi Unicem is paying some EUR22m for a 25 per cent stake in Salonit Anhovo, the leading cement producer in Slovenia with an capacity approaching 1.4Mta and for a 25 per cent interest in Wietersdorfer & Peggauer's Italian subsidiary W&P Cementi. As part of the same deal, Buzzi Unicem is receiving EUR22m from W&P Cementi for the Italian cement major’s 0.3Mta cement works at Cadola (Italy) and the right to acquire the 0.4Mta Travesio (Italy) cement plant within the next five years. ... |
Buzzi sees advances in Russia and US10 February 2014, Published under Cement NewsItalian cement major Buzzi Unicem saw turnover decline by 2.1 per cent last year to EUR2754m as the company saw another fall in its domestic market of Italy, but Russia and the US were its best performers. Net debt at the end of December was 5.3 per cent below the level seen a year earlier at EUR1066m. Group cement deliveries in 2013 increased by 0.3 per cent to 27.4Mt, but ready-mixed concrete deliveries declined by 5.1 per cent to 12.9Mm³. The underlying EBITDA, which will be announced ... |
New appointments at Buzzi Unicem USA09 January 2014, Published under Cement NewsDavid Nepereny has been elected as chairman of the board for Buzzi Unicem USA, effective 1 January 2014. Mr Nepereny will continue as president and CEO of the company until 30 April 2014, at which time he will relinquish this position. He has served as president and CEO for 24 years, and will continue as executive chairman. On 1 May 2014, Massimo Toso will be appointed president and CEO of Buzzi Unicem USA. At the same time, Toso will be appointed CEO of Alamo Cement Company and its... |
Buzzi to modernise Maryneal works, USA03 December 2013, Published under Cement NewsBuzzi Unicem USA plans to upgrade its Maryneal cement works in Texas, USA, which will more than double capacity at the plant and reduce its environmental footprint. Capacity at the Maryneal facility will be increased from 0.55Msta to 1.2Msta. The company will also install state-of-the-art pollution control equipment to significantly reduce the plant’s NOx emissions and comply with other stringent environmental limits. “The Maryneal plant expansion will result in a world-class facility tha... |
Buzzi Unicem performance deteriorates in Italy and Mexico11 November 2013, Published under Cement NewsBuzzi Unicem's turnover for the first nine months declined up by 3.2 per cent to EUR2078.5m and the EBITDA came off by 10.6 per cent to EUR335.8m. The trading profit was down by 16.4 per cent to EUR169.8m, but net financial charges came off by 9.5 per cent to EUR81.4m. After a 37.9 per cent increase in the contribution from associates, the pre-tax profit emerged 18.3 per cent lower at EUR95.0m. The tax charge still rose by 73.8 per cent, though the minorities charge did decrease by 32.9 p... |
S&P confirms Buzzi, Dyckerhoff rating; negative outlook09 October 2013, Published under Cement NewsBuzzi Unicem said today that Standard & Poor’s confirmed the long-term corporate rating (BB+) on Buzzi Unicem and its German subsidiary Dyckerhoff AG and the short-term rating (B) on both groups, thus removing them from the credit watch with negative implications announced on 8 August 2013. The outlook was revised from stable to negative. |