Cement News tagged under: Cementir Holding

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Cementir Holding announces 1H19 revenues of EUR591.9m

30 July 2019, Published under Cement News

Cementir Holding has released its results for 1H19. Revenues rose to EUR591.9m up from EUR588.5m in 1H18, while EBITDA stood at EUR110.1m, up 14 per cent compared to EUR96m in 1H18. Group net profit reached EUR27.3m compared to EUR96m in 1H18, while net financial debt fell to EUR399.1m from EUR416m at 31 March 2019. Regional cement and clinker results 1H19 Grey and white cement sales reached 4.321Mt in 1H19, down -12.2 per cent from 4.921Mt in 1H18. Cementir stated that the negative perf...

Aalborg puts Cementir on a better global footing

18 April 2019, Published under Cement News

This week Aalborg Portland , owned by Cementir Holdings, reported a record turnover in 2018 of DKK8.895bn (US$1.37bn), the highest that the company has achieved, due to higher sales volumes following acquisitions in Belgium and the US. Aalborg’s key role Aalborg Portland's latest results highlight the importance of the Denmark-based company in supporting Cementir Holdings’ operations throughout the world. It is a key part of Cementir’s 3.3Mta white cement capacity and 20 per cent share ...

Cementir's 1H18 cement and clinker sales fall to 4.9Mt

27 July 2018, Published under Cement News

Cementir Holding's sales volumes of cement and clinker in 1H18, equal to 4.9Mt, were essentially unchanged compared to the 1H17, despite the change in the scope of consolidation. On a like-for-like basis, sales of cement and clinker dropped (-3.8 per cent) due to the worse performance of Egypt and Turkey, which suffered slowdowns in the second quarter because of June elections and Ramadan. EBITDA was EUR96m, up 9.5 per cent on EUR87.7m in the 1H17. Sales volumes of ready-mixed concrete, 2....

Cementir bets on US for 2018-20 revenue targets

29 June 2018, Published under Cement News

Cementir will seek long-term value creation by doubling earnings per share by 2020 compared to 2017, announced Francesco Caltagirone, chairman and CEO of the Italian cement producer this week at the company's investor conference in Milan' According to the group's ambitious 2018-2020 business plan, the company is targeting revenues and EBITDA of EUR1.34bn and EUR270m, respectively, by 2020, while net debt is forecast to fall to EUR50m at the end of the period.

 The USA is seen as the main g...

Dan Harrington to Head Cementir North America

12 April 2018, Published under Cement News

Daniel Harrington will be heading up Cementir Holding’s Region North America following the company’s acquisition of Lehigh White Company. The newly-formed Region North America consists of the North American cement production and distribution operations of Lehigh White Ceemnt and the group’s existing US concrete products company, Vianini Pice Inc. Mr Harrington previously served as President and CEO of Lehigh Hanson North America where he guided the building materials giant through 201...

Italcementi completes Cementir Italia acquisition

03 January 2018, Published under Cement News

HeidelbergCement subsidiary Italcementi has completed the acquisition of Cementir Italia. All conditions for the closing of the transaction have been fulfilled following the approval by the Italian competition authority. "With the acquisition of Cementir Italia we significantly improve our nationwide presence in Italy," explains Dr Bernd Scheifele, chairman of the Managing Board of HeidelbergCement. "For Italcementi, the acquisition is a unique opportunity to grow and consolidate its posi...

Cementir Holding sees a 32% increase in revenue for 3Q17

09 November 2017, Published under Cement News

Italy-based Cementir Holding reported a revenue of EUR332.4m (US$385.4m) in the third quarter of 2017, reflecting a YoY increase of 32.1 per cent YoY. EBITDA rose to EUR46.5m in 3Q17, up 44 per cent YoY from EUR67m in the 3Q16 while EBIT reached EUR42.5m, representing a 59.8 per cent rise YoY. The company posted a 3Q profit before taxes of 42.3m, a 61.8 per cent increase when compared with 3Q16. In terms of sales volumes, the company sold 3.187Mt of grey and white cement during the qua...

Paolo Zugaro appointed general manager of Cementir Holding

16 May 2017, Published under Cement News

The Board of Directors of Cementir Holding SpA on 11 May 2017 appointed Paolo Zugaro as General Manager of the company. Effective 1 May, Mr Zugaro is also Chief Operating Officer for the entire group. Paolo Zugaro named GM of Cementir Holding With a degree in electrical engineering from Tor Vergata University, Rome, Mr Zugaro (52) has occupied a variety of managerial positions of increasing responsibility both in the Caltagirone Group and in the Cementir Group starting from 1...

Cementir completes refinancing of EUR330m bridge credit

04 May 2017, Published under Cement News

Cementir Holding on 28 April 2017 successfully completed the refinancing of a bridge credit line of EUR330m, which is part of the financing contract stipulated in October 2016, the Italian producer confirmed in a statement yesterday. This credit line was made available by a pool of banks to fund the acquisitions of Compagnie des Ciments Belges (CCB) and the business division of Sacci, to refinance existing credit facilities and to meet the group’s working capital requirements. The matu...

Cementir's cement and clinker sales rise by 7.9% in 2016

06 March 2017, Published under Cement News

Cementir Holding’s cement and clinker sales for 2016 amounted to 10.1Mt in 2016, up 7.9 per cent on 2015. Strong sales in Malaysia and Scandinavia offset poor returns in Italy, where cement sales fell, while the depreciation of local currencies compared to the EUR was negative EUR46.8m. Danish grey and white cement sales rose by 9.5 per cent during 2016 although ready-mix sales fell -1.3 per cent. In Turkey cement and ready-mix sales rose by five and 27 per cent, respectively. Turkish ...