Cement News tagged under: Italcementi

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Giampiero Pesenti passes away

25 July 2019, Published under Cement News

Giampiero Pesenti, honorary chairman of Italmobiliare, passed away aged 88 on 22 July at his home in San Vigilio, Italy. He joined the Board of Directors in 1967, becoming chairman and CEO on the death of his father, Carlo Pesenti, in 1984. From 2014-17 he served as president and later as Honorary President. In 1992 he expanded Italcementi, Italy’s largest cement producer, by acquiring Ciments Français, a company twice the size of the group. Italcementi was later acquired by HeidelbergCe...

HeidelbergCement makes further progress with portfolio optimisation

09 April 2019, Published under Cement News

HeidelbergCement’s subsidiary Italcementi has signed contracts with Buzzi Unicem and Colacem regarding the disposals of cement plants in the northern and central region of Italy. The involved parties agreed not to disclose details of the transactions for the time being.  “These divestments are part of our action plan to accelerate our portfolio optimisation,” said Dr Scheifele, chairman of the Managing Board of HeidelbergCement. “We are well on our way to reach our target of EUR1.5bn of d...

Colacem acquires Cemitaly's Spoleto facility

03 April 2019, Published under Cement News

Italy’s Colacem has announced the acquisition of Cemitaly’s 0.7Mta Spoleto cement plant for an undisclosed sum. Cemitaly was unveiled as the new branding of Cementir Italia in 2018, after it was acquired by the Italcementi Group earlier in the year. "We are confident that the cement sector will have a significant role in the near future," said Colacem in a statement. "In our country there's a need for greater public and private investments for increasingly safe, efficient, innovative and s...

Ciments du Maroc Board appoints new MD

01 February 2019, Published under Cement News

The Board of Ciments du Maroc, owned by HeidelbergCement via the Italcementi group, has appointed Matteo Rozzanigo as new managing director, effective 1 February 2019. He replaces Hakan Gurdal who remains as Board Director East Africa and Mediterranean Basin. A graduate of the Polytechnic University of Milan, Italy, he has held several posts in Italcementi since 2007, including MD of FYM, the Spanish subsidiary. From 2016 he has worked as Development Director Southwest Europe for Heidelber...

Managing change

18 July 2018, Published under Cement News

HeidelbergCement’s acquisition of Italcementi in 2016 has accelerated the growth of this major global cement and aggregates giant, which is now ranked as the fourth- largest player worldwide with 195Mta cement capacity across 44 countries. Much of the company’s success is down to agile management and the financially-astute leadership of Dr Bernd Scheifele, widely regarded as one of the best CEOs in the business. In this revealing interview, Dr Scheifele discusses the rationale for the Italce...

A time of reassessment for HeidelbergCement

23 February 2018, Published under Cement News

This week it was announced that HeidelbergCement would be selling its 51 per cent stake in the Lehigh White Cement Co LLC while the company also reported on its full-year and 4Q17 results . The sale of HeidelbergCement's interest in the Waco and York cement plants in the USA would mean a complete exit from the North American white cement market for the Germany-based multinational. HeidelbergCement is carrying out a global portfolio review and optimisation process to generate cash flow. T...

HeidelbergCement on path to consolidate Italian market

05 January 2018, Published under Cement News

HeidelbergCement's acquisition of Cementir Italy via its Italcementi subsidiary will make HeidelbergCement the Italian leader with a combined market share of around 38 per cent, ahead of Buzzi Unicem with 22.5 per cent, according to CIM-CIC Market Solutions. The research house also reports that the antitrust authority analysed the combined positions of the two entities (Italcementi and Cementir Italia) in eight commercial regions: Arquata (AL), Cagnano, Maddaloni, Spoletto, Tarante, Tar...

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...

Italy's Antitrust Authority approves Cementir Italia sale

20 November 2017, Published under Cement News

The Italian Antitrust Authority (AGCM) has approved the sale of Cementir Italia and its subsidiaries Cementir Sacci SpA and Betontir SpA to Italcementi. Following the closing of the transaction, which is expected in the first days of January 2018, Italcementi will be required to adopt certain structural remedies, including the divestiture of some plants and behavioural measures. Italcementi will select the facilities to be divested among those identified by AGCM, which has established pre...

Cementir looks to withdraw from Italy

20 September 2017, Published under Cement News

Cementir has provisionally agreed terms with HeidelbergCement for the sale of its Italian cement and ready-mixed concrete operations to Italcementi, subject to such a deal not being blocked by the competition authorities.  Bearing in mind that Italcementi is the domestic market leader by a substantial margin approval may not be that easily obtained and may require some disposals to other parties. If concluded, such a deal would make Cementir even more dependent on the Nordic and Benelux m...