Cement News tagged under: Cementir

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Cementir benefits from acquisitions

12 May 2017, Published under Cement News

Cementir's first-quarter turnover rose by 33 per cent to EUR279.9m while on a like-for-like basis the improvement was just 0.5 per cent. EBITDA improved by 7.9 per cent to EUR23m, with only the Nordic countries showing an improvement. At the trading level there was a reduction from a EUR1.2m, profit to a EUR1m loss and at the pretax level the loss increased by 2.8 per cent to EUR6.2m. Net debt at the end of March was EUR646.4m compared with the EUR271.9m a year earlier to give a gearing l...

Cementir looks to mature markets

10 March 2017, Published under Cement News

Cementir Holding released its 2016 results this week and relied on its Malaysian and Scandinavian operations to offset poor results in its Italian market. "Strong performance in the Scandinavian countries and Malaysia have substantially offset lower earnings in Turkey, Egypt and Italy. Also Group results have been negatively affected by the depreciation of the Turkish lira and, since the Brexit vote, the British pound, together with the fall in the value of the Egyptian pound and geographi...

Denmark: A Tec upgrades calciners at Aalborg Portland Cement

09 March 2017, Published under Cement News

Two new calciners have been designed and delivered by A TEC to Cementir's Aalborg Portland cement plant at Rørdal during the annual kiln stop in February/March 2017. The project aims to increase the production of grey clinker by modifying the 4500tpd semi-dry kiln system which was originally commissioned in 1988. A TEC will adapt the flow pattern of the calciner system to improve gas flow behaviour and operation of the system significantly. The design will be configured for the usage of 10...

Cementir's preliminary 2016 results total EUR1027.6m

14 February 2017, Published under Cement News

Cementir's Board of Directors reported its preliminary consolidated results for 2016, which saw group sales and services reach EUR1027.6m, up compared to EUR969m in 2015. This includes the change in the scope of consolidation relating to the acquisition of Sacci and Compagnie des Ciments Belges (CCB), which contributed an additional EUR60.5m. Specifically, the revenues of Cementir Sacci, included as of 29 July 2016, amounted to EUR 21.8m, while the revenues of the CCB group, included as o...

Cementir CEO: Italy's cement market has finally reached the bottom

28 October 2016, Published under Cement News

In an interview with Reuters, CEO and Chairman of Cementir Holding, Group Francesco Caltagirone jr, said "After nine year of contraction of cement output, I think the Italian market has reached the bottom," he said. Domestic producers hit by the crisis could be a buying opportunity, Caltagirone said, adding the right target would have a price tag of no more than "tens in million of euros". A dozen other domestic groups are struggling to survive as output has halved since 2008 in Italy a...

HeidelbergCement completes Belgian assets' sale to Aalborg Portland Holding

26 October 2016, Published under Cement News

HeidelbergCement has completed the sale of operations in Belgium, primarily consisting of Italcementi’s Belgian subsidiary Compagnie des Ciments Belges SA (CCB) to Aalborg Portland Holding SA (Cementir Group). "With the disposal of the Belgium assets we fulfill the obligation of the European Commission and improve the net financial position of HeidelbergCement after the acquisition of Italcementi," said Dr Bernd Scheifele, CEO of HeidelbergCement. HeidelbergCement and Cementir Holding ...

Visible cracks

10 October 2016, Published under Cement News

Over the last 18 months CDP has analysed sectors ranging from electric utilities and automotive manufacturing to extractives and has benchmarked how leading players manage climate risks and opportunities. In June it was the turn of the cement sector, as CDP published ‘Visible Cracks’, its first report for investors on the global cement industry. This publication revealed how differently companies in the sector are preparing for the transition to a low-carbon economy. By Tarek Soliman and Cha...

Cementir appoints Paolo Bossi CEO of Italian unit, Sacci and Betontir

21 September 2016, Published under Cement News

Italian cement producer Cementir has appointed Paolo Bossi as CEO of Cementir Italia, Cementir Sacci and Betontir. The arrival of Paolo Bossi, following the acquisition of the cement and concrete business of Sacci, currently Cementir starts  the rationalisation process of the Cementir group in Italy, a company statement read. The new CEO's first challenges include returning the companies to profit while maintaining and improving product and service quality.

Cementir expands into Belgium

29 July 2016, Published under Cement News

Cementir's turnover improved by 1.1 per cent to EUR481m in first half of the year, as the improvements in Denmark, Norway and Sweden as well as Malaysia made up for lower results from Italy, Egypt and China, while Turkey was broadly stable. EBITDA, however, declined 1.5 per cent to EUR72.04m. After a 4.7 per cent reduction in depreciation and similar charges to EUR40.2m, the trading profit improved 2.8 per cent to EUR31.8m. The net financial item swung from a positive EUR5.3m to a negati...

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 ...