Cement News tagged under: Buzzi Unicem

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Buzzi Unicem's Board of Directors assesses 2020 Consolidated Financial Statement

29 March 2021, Published under Cement News

The Board of Directors of Buzzi Unicem SpA have examined the statutory and consolidated financial statements for the year ended 31 December 2020.  In the year under review, the group sold 29.3Mt of cement, up 0.4 per cent compared to 2019 and 11.7Mm 3 of ready-mix concrete, down compared to the figure recorded in the previous year (-3.1 per cent). Consolidated net sales remained virtually unchanged during the two years, increasing from EUR3221.4m to EUR3222.4m. Changes in scope had a ...

Buzzi Unicem reports stable 2020 volumes in spite of pandemic

12 February 2021, Published under Cement News

This week, Buzzi Unicem released its FY20 preliminary results. The Italian-based cement producer announced cement volumes of 29.3Mt, a YoY rise of 0.4 per cent despite the difficulties of the COVID-19 pandemic. The COVID-19 pandemic caused an unprecendented recession in the first half of 2020. The extraordinary economic policy packages taken out helped cushion the impact from the contraction of international trade, while the loosening of restrictive measures by the second half helped deli...

CI4C consortium makes progress with carbon capture project

19 November 2020, Published under Cement News

The pilot project "catch4climate", for which four cement manufacturers have joined forces, is set to capture CO 2 at the site of the Mergelstetten cement plant in southern Germany. For this, the consortium intends to build and operate its own demonstration plant on a semi-industrial scale, where the oxyfuel process will be applied for CO 2 capture. The captured CO 2 will then be used to produce "reFuels", climate-neutral synthetic fuels such as kerosene for air traffic, with the help of r...

Buzzi Unicem proposes mandatory conversion of saving shares into ordinary shares

12 October 2020, Published under Cement News

Buzzi Unicem has announced its intention to convert savings shares into ordinary shares to streamline and simplifying the capital structure of Buzzi Unicem SpA, as well as at reducing corporate obligations and costs associated with the existence of different categories of shares. The Board of Directors of Buzzi Unicem SpA resolved to submit the proposal to shareholders for the mandatory conversion of savings shares into ordinary shares (the 'Conversion'), on the basis of a conversion rati...

Germany: leading the recovery

05 October 2020, Published under Cement News

The German cement sector has fared better than most during the pandemic. Cement demand is forecast to remain stable this year, with a more cautious outlook for 2021. Meanwhile, producers are embracing the latest technology for a leaner, greener manufacturing base. HeidelbergCement’s plant at Burglengenfeld, Germany, was modernised in 2017-18 with a new kiln, baghouse and SNCR system Germany’s economic growth slowed to 0.6 per cent in 2019 from 1.5 per cent the previous year,...

Buzzi Unicem's 1H20 cement and clinker sales fall 3%

05 August 2020, Published under Cement News

Buzzi Unicem reports that group cement and clinker sales declined 3.4 per cent in the 1H20. The drop in volumes was concentrated in Italy and eastern Europe, due to the spread of the pandemic and to the associated restrictions on economic activity. In central Europe shipments were only slightly below the level reached in the same period of 2019. There was strong performance in the USA, despite the increasing challenges presented by COVID-19. Net sales achieved in the half year were substant...

SLK Cement unifies assets

10 July 2020, Published under Cement News

Dyckerhoff Korkino Cement has completed its merger with SLK Cement, as part of parent company Buzzi Unicem’s reorganisation of its Russian assets under the unified SLK Cement brand. According to SLK Cement’s CEO, Andrey Immoreev, the company will continue to improve its production process, product and client service. SLK Cement currently includes the subsidiaries of Sukholozhskcement, Omsk and Korkino Cement as well as the CemTrans transport company. The company supplies its products mai...

Buzzi Unicem: Italy and beyond

26 May 2020, Published under Cement News

The growth of Buzzi Unicem into a major multinational has taken more than a century. While its operations span the Atlantic and stretch to the Russian Urals in the east and the Mediterranean Sea and Middle East to the south, the company remains a family business with a fascinating history of cement, ready-mix and aggregate production. In its home base of Italy, Buzzi Unicem operates around 13Mta of cement capacity, including the Vernasca plant pictured Buzzi Unicem’s roots date ...

Buzzi Unicem records 1Q20 net sales of EUR688.5m

12 May 2020, Published under Cement News

Buzzi Unicem has released its 1Q20 results which saw net sales reach EUR688.5m, up 4.9 per cent on 1Q19. Cement sales rose by 0.4 per cent to 6Mt, while concrete volumes fell by 3.5 per cent to 2.5Mm 3 , compared to 1Q19. Net debt as at 31 March 2020 amounted to EUR525.2m, EUR46.6m lower compared to the year-end 2019. Since March production and business activities have been severely hampered by the outbreak of COVID-19 in Italy, Luxembourg and eastern Europe. Buzzi Unicem reports construct...

Buzzi Unicem sees 12% rise in sales, stable net profit in 2019

26 March 2020, Published under Cement News

Italy-based Buzzi Unicem reported a 12.1 per cent rise in net sales in 2019 to EUR3.221bn in 2019, up from EUR2.874bn. The company posted a 4.3 per cent YoY rise in cement sales to 29.122Mt in 2019 while ready-mix sales remained stable at 12.1Mm3 over the same period. EBITDA surged to 26.1 per cent to EUR728.1m in 2019 while recurring EBITDA saw a 23.9 per cent jump to EUR704.4 when compared with the previous year. Net profit advanced by 0.8 per cent to EUR385.9m and consolidated net profit ...