Cement News tagged under: Buzzi Unicem

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Buzzi to modernise Maryneal works, USA

03 December 2013, Published under Cement News

Buzzi 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 Mexico

11 November 2013, Published under Cement News

Buzzi 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 outlook

09 October 2013, Published under Cement News

Buzzi 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.

Executive management changes at Dyckerhoff, Germany

20 September 2013, Published under Cement News

Following the 100 per cent buy-out of all minority shareholders by Buzzi Unicem SpA and the delisting of shares from the Frankfurt Stock Exchange, Dyckerhoff’s Supervisory Board has now approved to initiate the transformation of the company’s legal form from the present corporation (Aktiengesellschaft, AG) to a future limited liability company (Gesellschaft mit beschränkter Haftung, GmbH). The new legal form will become effective towards the end of March 2014 and will also involve changes in...

A TEC supplies calciner upgrade to Cement Hranice, Czech Republic

02 September 2013, Published under Cement News

A TEC has been awarded a calciner upgrade contract from Cement Hranice, the Czech Republic unit of Buzzi Unicem, involving the the engineering, supply of equipment, steel structure, erection and civil works. With the combustion of alternative fuels, the necessary retention time for complete combustion in the calciner has been increased. The retention time in the new calcining system (hot gas chamber, calciner and post combustion chamber) will be approximately seven seconds. The new time all...

Buzzi Unicem completes buy-out of Dyckerhoff shares

28 August 2013, Published under Cement News

Buzzi Unicem said on Tuesday that the squeeze-out of all outstanding ordinary and preferred shares in German-based Dyckerhoff AG still held by minority shareholders was recorded in the Commercial Register in Germany. As a result, as of 27 August 2013, the Italian cement major holds 100 per cent of Dyckerhoff. The payment to the minority shareholders of the cash compensation equal to EUR47.16 per share for a total EUR65.3m is expected to be carried out on 30 August 2013. The stock excha...

New senior vice president for Buzzi Unicem USA

21 August 2013, Published under Cement News

George Garcia has been promoted to senior vice president operations at Buzzi Unicem USA, effective from 1 July 2013. He will be based at Buzzi Unicem USA's Corporate Office in Bethlehem, Pennsylvania, and will report to Dave Nepereny, president and CEO of Buzzi Unicem USA. Since 2001, Garcia served as the plant manager at Buzzi Unicem's Chattanooga factory, a position he assumed after leading construction of the “new plant” there three years earlier.  Having begun his career with Buzzi U...

S&P puts Buzzi Unicem, Dyckerhoff ratings on credit watch

09 August 2013, Published under Cement News

Standard & Poor's has placed Buzzi Unicem’s rating on credit watch with negative implications, the Italian cement major announced in a statement. Buzzi Unicem's corporate rating is currently at BB+/Stable/B. The rating for Dyckerhoff AG, Buzzi Unicem’s wholly-owned subsidiary, has also been placed on credit watch. S&P said the decision was due to first-half results which were lower than expected in some key market, particularly Italy, Mexico and Eastern Europe. For the first half ...

Buzzi Unicem hit by weaker markets

05 August 2013, Published under Cement News

Buzzi Unicem's first-half turnover declined by 5.7 per cent to EUR1273.7m and the EBITDA fell by 24.8 per cent to EUR150.7m as the Italian cement major was hit by weaker markets in Italy, Poland and Mexico. Excluding non-recurring items, the reduction would have been 21 per cent. The first half trading profit fell by 56.8 per cent to EUR37.8m and the interest charge was reduced by 31.9 per cent to EUR47.6m, with the pre-tax result swinging from a EUR22.6m profit to a loss of EUR8.3m. Afte...

Dyckerhoff shareholders approve Buzzi offer

16 July 2013, Published under Cement News

The shareholders' meeting of Dyckerhoff AG gave the go-ahead to the squeeze-out launched by parent company Buzzi Unicem SpA on all outstanding ordinary and preferred Dyckerhoff shares still in the hands of minority shareholders. Buzzi Unicem's acquisition of the remaining stock of Dyckerhoff and the following cash payment of EUR47.16 per share ( for a total amount of EUR65.3m) will become effective with the recording of such shareholders' resolution in the Commercial Register in Germany, ...