Cement News tagged under: Buzzi Unicem

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Anti-trust authority approves Buzzi deal

23 December 2015, Published under Cement News

Italy's Antitrust Authority has approved Buzzi Unicem's offer to purchase the SACCI business unit and informed the Italian cement producer that it will not to open an investigation about the purchase transaction of SACCI SpA (SACCI). Buzzi Unicem is now clear to proceed further with the acquisition. The Buzzi Unicem offer remains under review by SACCI and the bodies of the composition proceedings initiated by SACCI. The outcome of the Buzzi Unicem offer depends on the development of the afo...

Estanda completes ball mill water injection system for Buzzi, Italy

27 November 2015, Published under Cement News

At the end of October 2015, Estanda completed the installation of a water injection system for a 3.8m diameter ball cement mill for the Buzzi Unicem group (Italy). This project enabled Estanda to achieve the target requested by the customer: ie, to obtain an outlet temperature in the cement of lower than 100˚C without compromising the quality of cement and maintaining the productivity of the process. The water injection system installed includes the following features, as outlined by Estan...

Buzzi boosted by strong US performance

11 November 2015, Published under Cement News

Buzzi 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 SACCI

02 October 2015, Published under Cement News

Buzzi 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 SACCI

15 September 2015, Published under Cement News

Buzzi 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 News

Buzzi 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 America

05 August 2015, Published under Cement News

Buzzi 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 venture

02 July 2015, Published under Cement News

Sika 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 Mexico

26 June 2015, Published under Cement News

Cementos 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 HQ

24 June 2015, Published under Cement News

At 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...