Cement News tagged under: Italcementi

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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...

Italian producers to appeal watchdog decision

08 August 2017, Published under Cement News

Buzzi Unicem, Italcementi and Cementir have been fined by the Italian Competition Authority following a probe launched in November 2015 into the existence of alleged anti-competitive practices in the domestic market. The authority's decision states that Buzzi Unicem participated in an agreement concerning the alleged co-ordination of manufacturers regarding simultaneous price increases as well as an exchange of information within the industry association AITEC and, in general, the adopti...

HeidelbergCement expects stronger second-half

04 August 2017, Published under Cement News

While second quarter sales by HeidelbergCement were impaired by fewer working days due religious holidays as well as adverse weather conditions in large parts of North America, the German building materials major expects "significantly stronger" development in the second half of the year. The company's sales volumes over the first six months of 2017 rose substantially as a result of the consolidation of Italcementi. Group cement and clinker deliveries increased by 52.1 per cent to 60.66Mt...

HeidelbergCement volumes and revenues strengthened by Italcementi contribution

01 August 2017, Published under Cement News

HeidelbergCement said its sales volumes of building materials rose substantially in the second quarter as a result of the consolidation of Italcementi. On a pro-forma basis, ie taking into account Italcementi’s deliveries in the same period of the previous year, sales volumes declined slightly. Growth in sales volumes was impaired by fewer working days due to Easter and the end of Ramadan as well as wet weather, especially in the South, Northeast and Midwest of the USA. The group’s cement ...