Cement News tagged under: Cementir

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Cementir entering Britain

05 July 2012, Published under Cement News

The Italian cement and aggregates group Cementir is entering the British market – not in cement or aggregates, but in waste management through its Turkish subsidiary Recydia. In Turkey, Recydia collects refuse to burn in its immediate parent's cement kilns.  Recydia has invested GBP8.9m (€11m) in buying a company collecting and recycling municipal and industrial waste in Manchester, Liverpool and Lancashire in the north of England.  The burning of waste in Britain's cement kilns has, ...

Cementir boosts trading profit by 61%

09 March 2012, Published under Cement News

Cementir Holding increased turnover by 10.8% to €933m and the EBITDA advanced by 14% to €124.2m. With depreciation and impairment provisions being just 1.8% higher at €88m, the pre-tax profit advanced by 60.8% to €36.2m. However, a swing in net financial items from a €1.3m profit to a €22.6m loss was the prime factor behind a 39.8% reduction in the pre-tax profit to €36.2m. The net attributable profit came down by 67.6% to €3m. Net debt at the end of the year was 6.4% higher at €357.5m to g...