Cement News tagged under: Buzzi Unicem

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Buzzi Unicem expects to report EBITDA close to EUR580m

09 February 2018, Published under Cement News

Buzzi Unicem's turnover in 2017 improved by 5.1 per cent in 2017 to EUR2806m, with a like-for-like improvement of 3.7 per cent after adjusting for the acquisition of Zillo and currency movements. The company expects to report a preliminary EBITDA of nearly EUR580m in 2017 – below their latest guidance. The cement producer attributes the shortfall to a challenging environment in December and expects the impacting factors to be temporary and not affect the company's positive outlook for 2018. ...

Buzzi Unicem reports good performance in Russia, Czech Republic and Italy

10 November 2017, Published under Cement News

Buzzi Unicem's turnover for the first nine months was 6.7 per cent higher at EUR2133.4m, but no EBITDA or other profit numbers have been given this time. Net debt at the end of September was 2.8 per cent lower at EUR915.2m compared with a year earlier. Capital investment in the period was 10.7 per cent lower at EUR158m. Cement deliveries were 4.1 per cent ahead at 20.3Mt and ready-mixed concrete deliveries improved by 4.8 per cent to 9.2Mm³. The Italian turnover showed a recovery and rose...

Buzzi Unicem acquires 50% of Ecotrade SpA

07 September 2017, Published under Cement News

Buzzi Unicem has acquired 50 per cent of Ecotrade SpA, a company with approximately 30 years of experience in the supply and recycling of industrial waste and byproducts for cement production. Ecotrade has been handling contracts to supply coal ash from power plants and blastfurnace slag from steel mills around the world for decades, supplying them to cement plants across several continents. Deliveries of these byproducts have reached peaks of over 2Mta, Buzzi said in a statement. Ecotrade...

Buzzi Unicem’s profit boosted by lower interest costs

04 August 2017, Published under Cement News

Buzzi Unicem's first half turnover improved by 7.3 per cent to EUR1353.8m and EBITDA advanced by 8.4 per cent to EUR241.1m. Group cement deliveries improved by 2.3 per cent to 12.5Mt, while ready-mixed concrete deliveries rose by six per cent to 5.9Mm³. The depreciation and impairment charges advanced by 16.1 per cent to EUR108.6m and the first half trading profit was ahead by 2.8 per cent to EUR132.5m. The interest charge dropped by 66.3 per cent to EUR12.3m and the pre-tax profit rose by...

Buzzi completes acquisition of the Zillo Group

05 July 2017, Published under Cement News

Buzzi Unicem has completed the acquisition of the Zillo Group with the purchase of the remaining 52.1 per cent of the share capital of Cementizillo, the Italian cement major confirmed in a statement earlier this week. Following completion of the deal, Buzzi  Unicem owns 100 per cent of the company. The acquisition includes two integrated cement plants at Moncelice and at Fanna and will make Buzzi the clear leader in the northeast of the country. Not only does mean Buzzi closes the gap on It...

M&A in Italy: a step in the right direction

23 June 2017, Published under Cement News

News that Buzzi Unicem is acquiring fellow Italian cement producer Cementizillo SpA is seen as a small but welcome step in the right direction for the fragmented Italian cement industry. Last Friday Buzzi announced it had acquired 47.9 per cent of the share capital of Cementizillo and the remaining 52.1 per cent will be purchased from Mr AG Zillo, the sole director, in early July. The acquisition includes two integrated cement plants at Moncelice and at Fanna and will make Buzzi the clea...

Buzzi Unicem strengthens position in Italy

19 June 2017, Published under Cement News

Buzzi Unicem is expanding its position in northen Italy with the acquisition of Cementizillo SpA. A total of 47.9 per cent of Cementizillo’s share capital has just been acquired and the remaining 52.1 per cent will be purchased from Mr AG Zillo, the sole director, in early July. Some of the purchase price of EUR60m will be deferred, but only in respect of Mr Zillo, and an additional amount may become payable if the average cement price over the 2017-2020 period were to exceed a certain le...

Buzzi Unicem first quarter volumes ahead

15 May 2017, Published under Cement News

Buzzi Unicem's first-quarter turnover improved by 8.9 per cent to EUR588.5m. Net debt at the end of March was 4.1 per cent higher at EUR979.9m, while capital expenditure was reduced by 29 per cent to EUR49.2m. Cement deliveries increased by 4.5 per cent to 5.2Mt, while group ready-mixed concrete deliveries were ahead by 9.1 per cent to 2.6Mm³. The Italian turnover advanced by 12.7 per cent to EUR95.1m as deliveries of cement and clinker showed a good improvement thanks to higher export sh...

Buzzi Unicem

02 March 2017, Published under Cement News

Buzzi Unicem's turnover improved by a marginal 0.3 per cent in 2016 to EUR2669m, with a like-for-like improvement of 1.7 per cent after adjusting for some eastern European currency weakness. Net debt at the end of December was 8.5 per cent below the level seen a year earlier at EUR942m. Group cement deliveries in 2016 increased by 0.3 per cent to 25.6Mt, while ready-mixed concrete deliveries were broadly unchanged at 11.9Mm³. Buzzi Unicem's Italian turnover declined by a further 1.6 per ...

Buzzi Unicem FY16 preliminary results

10 February 2017, Published under Cement News

Buzzi Unicem announced that its 2016 deliveries of products showed a favourable variance in central Europe, thanks to the upturn in shipments from the spring season, and overall also in eastern Europe, with improvements in Poland, the Czech Republic and Ukraine, which more than offset the marginal decline in Russia. Some weakness in demand during the 2H16 resulted in a moderate decrease in full-year sales in the United States of America and in a more marked rise in Italy, where no signs o...