Cement News tagged under: Buzzi Unicem

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Marketfield Asset Management raises Buzzi stake

25 February 2014, Published under Cement News

Marketfield Asset Management LLC has raised its stake in Buzzi Unicem to seven per cent from 5.3 per cent, as discretionary asset management, Italy's stock market regulator Consob said. The transaction was carried out on 10 February 2014. A total 6.64 per cent of the stake is held on behalf of Mainstay Marketfield Fund. Abstracted from an original article in Il Sole 24 Or.

Buzzi in strategic agreement with W&P Cementi

19 February 2014, Published under Cement News

Buzzi Unicem is paying some EUR22m for a 25 per cent stake in Salonit Anhovo, the leading cement producer in Slovenia with an capacity approaching 1.4Mta and for a 25 per cent interest in Wietersdorfer & Peggauer's Italian subsidiary W&P Cementi.  As part of the same deal, Buzzi Unicem is receiving EUR22m from W&P Cementi for the Italian cement major’s 0.3Mta cement works at Cadola (Italy) and the right to acquire the 0.4Mta Travesio (Italy) cement plant within the next five years.   ...

Buzzi sees advances in Russia and US

10 February 2014, Published under Cement News

Italian cement major Buzzi Unicem saw turnover decline by 2.1 per cent last year to EUR2754m as the company saw another fall in its domestic market of Italy, but Russia and the US were its best performers. Net debt at the end of December was 5.3 per cent below the level seen a year earlier at EUR1066m. Group cement deliveries in 2013 increased by 0.3 per cent to 27.4Mt, but ready-mixed concrete deliveries declined by 5.1 per cent to 12.9Mm³. The underlying EBITDA, which will be announced ...

New appointments at Buzzi Unicem USA

09 January 2014, Published under Cement News

David Nepereny has been elected as chairman of the board  for Buzzi Unicem USA, effective 1 January 2014. Mr Nepereny will continue as president and CEO of the company until 30 April 2014, at which time he will relinquish this position.  He has served as president and CEO for 24 years, and  will continue as executive chairman. On 1 May 2014, Massimo Toso will be appointed president and CEO of Buzzi Unicem USA. At the same time, Toso will be appointed CEO of Alamo Cement Company and its...

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...