Cement News tagged under: Cementir Holding

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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 ...

Cementir 9M16 results affected by foreign currencies

10 November 2016, Published under Cement News

Cementir's results for the first nine months of 2016 were down on 2015 mainly because of the depreciation of the major foreign currencies, which had a negative effect of EUR6.3m on EBITDA, claims the Italian company. Sales gains of 1.8 per cent in the Scandinavian countries and Malaysia failed to offset the weakness of the Italian market and other negative effects in Turkey. The depreciation of the major foreign currencies against the Euro had a negative effect of EUR32.3m. EBITDA, at EUR ...

Cementir to acquire HeidelbergCement’s Belgian operations

25 July 2016, Published under Cement News

Cementir has announced that it is to acquire HeidelbergCement’s Belgian assets for an enterprise value of EUR312m (US$342m). The deal primarily consists of Compagnie des Ciments Belges SA and is subject to the European Commission giving its approval. HeidelbergCement has been obliged to sell its Belgian operations as part of the process of acquiring Italcementi. In 2015 the assets generated pro forma sales of EUR180m (US$197m) on sales of 1.8Mt of cement, 4.8Mt of aggregates and 0.8Mm 3 ...

Cementir: hearing with creditors and opening of creditors’ vote for Sacci's composition

16 March 2016, Published under Cement News

Cementir Holding has announced that the hearing with creditors for Sacci’s composition, which includes the offer to purchase its business divisions submitted by Cementir Holding’s subsidiary Cementir Italia Spa, was held on 14 March 2016 before the Court of Rome. The offer was formally accepted by the Board of Directors of Sacci Spa during its meeting on 10 March 2016. Sacci’s creditors will be able to express their vote within 20 days of the hearing, in accordance with Article 178, para...

Cementir Holding announces dividend

21 April 2014, Published under Cement News

Cementir Holding today announced a cash divined of EUR8.0c per ordinary share, as early indications for the first quarter of 2014 are positive and better than expected.

Cementir boosts white cement volumes in China and Malaysia

08 March 2013, Published under Cement News

Cementir Holding increased turnover in 2012 by 6.4 per cent to €976.2m and the EBITDA was ahead by 11.2 per cent to €138.1m as the margin improved from 13.3 per cent to 14.1 per cent. Depreciation and impairment provisions were 2.2 per cent higher at €89.9m, giving a trading profit advance of 33.2 per cent to €48.2m. After a net financial charge 3.5 per cent lower at €21.8m, the pre-tax profit rose by 83.4 per cent to €28.6m. After a 20.7 per cent reduction in the tax charge and an 11.3 p...