Cement News tagged under: Buzzi Unicem

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Buzzi Unicem reports EBITDA rose by nearly 14% in 2018

29 March 2019, Published under Cement News

Buzzi Unicem released its consolidated financial statement for 2018, reporting that EBITDA rose by 13.6 per cent in 2018 to EUR577m, up by EUR69m on 2017. Net debt increased to EUR891m rising by EUR28m after investments of EUR444m, of which EUR31m were for expansion projects, EUR45m for the acquisition of Seibel & Sohne in Germany and EUR161m for the strategic agreement with Grupo Ricardo Brennand in Brazil. In 2018 the group sold 27.9Mt of cement , up 4.3 per cent on 2017 and 12.1Mm 3 ...

Buzzi Unicem announces resignation of non-executive director

22 March 2019, Published under Cement News

Buzzi Unicem has announced that Luca Dal Fabbro will be resigning from his position of non-executive director, effective from the end of the board meeting on 28 March 2019. He was appointed on 8 February 2018 in place of Oliviero Maria Brega, who had passed away. Mr Dal Fabbro has decided to leave his position after his name had been indicated for the presidency of Snam SpA by the majority shareholder, according to a press release. The company thanked him for his contribution and noted that...

FCB Horomill® turns 25

25 February 2019, Published under Cement News

This year marks the 25th anniversary of the FCB Horomill ® , a breakthrough technology for raw meal, cement, slag and minerals grinding. Having actively participated in the development of the mill, Buzzi Unicem reflects on the evolution of the technology in terms of mechanical, wear protection, process and layout developments. By Giovanni Battista Auxilia &  Luigi Buzzi, Buzzi Unicem, Italy. Buzzi Unicem’s Mexican associate Cementos Moctezuma employs the FCB Horomill to grind raw meal...

Buzzi Unicem's cement volumes rise 4.3% in FY18

08 February 2019, Published under Cement News

Buzzi Unicem's financial year 2018 results saw cement volumes at 27.9Mt, up 4.3 per cent from 26.8Mt in FY17. Ready-mix concrete volumes reached 11.8Mm 3 , down 3.6 per cent from 12.3Mm 3 in FY17. Consolidated net sales equalled EUR2873m (EUR2806m in 2017), up 2.4 per cent  and up 3.2 per cent like-for-like. Group net debt at the end of 2018 amounts to EUR891m, up EUR28m compared to EUR863m at the end of 2017. Italy Buzzi Unicem's sales of hydraulic binders and clinker were up 13.3 ...

Buzzi Unicem's 9M18 cement volumes rise by 3.1%

08 November 2018, Published under Cement News

Buzzi Unicem reports that its 9M18 cement volumes recorded a rise of 3.1 per cent to 20.9Mt, up from 20.3Mt in 9M17. Consolidated net sales for the 9M18 amounted to EUR2137.4m , up 0.2 per cent compared to EUR2133.4m in the same period of 2017. Cement and clinker sales of the group in the period January-September 2018 stood at 20.9Mt, an advance of 3.1 per cent compared to the previous year (-0.8 per cent on a like-for-like basis). Meanwhile, Buzzi Unicem's ready-mix sales fell by 1....

Buzzi Unicem continues share buyback

23 October 2018, Published under Cement News

Buzzi Unicem has announced that it acquired 1,116,000 ordinary treasury shares during the 15-19 October period. The company acquired the shares for a total consideration of EUR18,899,938 at an average price of EUR16.9. It now holds 3.085m ordinary shares and 29,290 saving shares as of 19 October, equivalent to 1.51 per cent of the issued share capital.

Buzzi Unicem announces share purchase

02 October 2018, Published under Cement News

Following the commencement of its share buyback scheme, Buzzi Unicem has announced that it acquired 244,100 ordinary shares in the 24-28 September period. The company purchased the shares for a total consideration of EUR4.495m (US$5.2m) at an average price of EUR18.41. As of 28 September, the company now holds 297,600 ordinary shares and 29,290 saving shares, equal to 0.16 per cent of the issued share capital.

Buzzi Unicem begins share buyback scheme

18 September 2018, Published under Cement News

Italy’s Buzzi Unicem has announced the commencement of a share buyback programme, with the company able to repurchase up to 7m ordinary and saving shares. The plans are intended to provide the company with an instrument for liquidity investment, according to a press release. The programme will be completed within 18 months from the date at which authorisation was received on 10 May 2018 at the shareholders' meeting. The company currently owns 50,000 ordinary shares and 29,290 saving shares...

Buzzi Unicem set to acquire 50% of Grupo Ricardo Brennand

06 September 2018, Published under Cement News

Buzzi Unicem has signed an agreement with Grupo Ricardo Brennand aimed at acquiring 50 per cent of BCPAR SA, a subsidiary of Brennand Cimentos, including two integrated cement plants in Paraíba and Minas Gerais, Brazil. The agreement allows Buzzi Unicem to reach a 50 per cent stake in BCPAR SA after acquiring the totality of the shares held by the current minority shareholders, BNDESPAR and FIP MPlus, besides a part of the shares owned by Brennand Cimentos, as well as the underwriting of de...

Buzzi Unicem's 1H18 net sales fall to EUR1337.4m

03 August 2018, Published under Cement News

Buzzi Unicem's net sales for the 1H18 were down 1.2 per cent to EUR1337.4m compared to EUR1353.8m in 2017, while EBITDA decreased by 5.7 per cent from EUR241.1m to EUR227.4m. The currency trend had a net unfavourable impact of EUR72.2m on net sales and EUR18.8m on EBITDA. The income statement for the six months closed with a net profit of EUR123m, compared to EUR117.6m in the same period of 2017. Consolidated EBITDA amounted to EUR227.4m, versus EUR241.1m in 2017 (-5.7 per cent). Cement ...