Cement News tagged under: Italcementi

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Italy: plant closure opposed

21 August 2013, Published under Cement News

The mayors of the Pescara mining basin have voiced their opposition to the closure of Italcementi's Scafa plant and have asked the company to review its plans. They are also ready to assert their own reasons, to broaden the discussion at the national level. "Italcementi must comply with the national agreements signed in December last year, accepted by the social partners, in contrast to what the layoffs today, which was intended for restructuring and has become accusation of activities," ...

Italcementi's underlying EBITDA fairly stable

31 July 2013, Published under Cement News

Italcementi's first-half turnover declined by 6.2 per cent to €2156.6m and the running EBITDA was down by 10.6 per cent to €298.6m, with the reduction primarily reflecting exchange rate movements and lower income from the sale of emission certificates.  The trading profit dropped by 27.1 per cent to €77.4m, and after an 0.9 increase in the net interest charge to €51.8m and a swing into loss from associates, the pre-tax dropped by 61.2 per cent to €21.6m. With a 2.8 per cent increase in the...

Italcementi subsidiary signs wind farm agreement, Egypt

24 June 2013, Published under Cement News

The Egyptian Electricity Transmission Company signed a contract with Italgen, a subsidiary of Italcementi Group, to build a wind farm to help meet Suez Cement's energy requirements. The contract authorises Italgen, which has been studying the possibility of incorporating wind technology since 2008, to become the first private investor to enter the Egyptian National Grid, and build a wind energy park in the area of Gulf El-Zeit, according to a statement issued on Sunday. Electrical energy g...

A TEC supplies fuel system to Ciments Calcia, France

04 June 2013, Published under Cement News

A TEC GRECO, specialists in combustion engineering, is to supply Ciments Calcia (part of the Italcementi Group) with a natural gas modification kit to be be implemented at its Couvrot cement plant in France. Due to rising fuel oil costs Ciments Calcia decided to change its complete fuel system on the kiln burner at the plant. In September 2012 the new petcoke system was started up in the already-prepared GRECO kiln burner. At the end of the year Ciments Calcia decided to invest in a natur...

West China Cement chief visits Italcementi's new i.lab

28 May 2013, Published under Cement News

In early May, West China Cement (WCC) representatives led by CEO Tian Zhenjun and Vice CEO Wang Jianli visited Italcementi's new i.lab at its Calusco cement plant in Bergamo, Italy. Accompanied by Federico Vitaletti, CEO of Italcementi's Innovation and Research Center, and Girolamo Veronese, Global Marketing Director, WCC representatives visited the facility to further deepen its cooperation with the the Italcementi Group in the fields of energy conservation and environmental protection,...

Italian and French winters again disrupt Italcementi

07 May 2013, Published under Cement News

Italcementi's first-quarter turnover declined by 9.3 per cent to €964.8m and the running EBITDA fell by 32.7 per cent to €88.5m. The €21.3m trading profit a year earlier dropped to a €16.5m loss and the pre-tax loss jumped from €3.4m to €36.9m, though the net interest charge was 10.1 per cent lower at €25.7m. The net attributable loss jumped by 59.9 per cent to €78.2m. Net debt at the end of March was 3.4 per cent lower at €2105.9m, to give a gearing level of 51.3 per cent, compared with...

Suez Cement production scaled back 30% due to energy shortages

10 April 2013, Published under Cement News

Egypt-based Suez Cement said that it scaled back production by as much as 30 per cent last year due to a lack of fuel supplies.  "A lack of fuel supplies has cut our annual production of 12Mt by between 20-30 per cent since the start of the year," Mohamed Shanan, director of business development of Suez Cement, told Reuters. In terms of fuel price hikes, Mr Shanan told reporters at a recent energy conference that: "Any increase in (fuel) prices must be matched by an increase in cement ...

Italcementi incurs substantial trading losses in Italy and Spain

06 March 2013, Published under Cement News

Italcementi has reported a 2012 trading loss compared to a profit in 2011 as the Italian cement major incurs substantial losses in its domestic market and Spain. Italian prices, however, see important improvements. Turnover for the year declined by 3.8 per cent in 2012 to €4480.1m but underlying EBITDA was down by 9.8 per cent to €632.4m. After an impairment charges that jumped from €134.3m to €309.4m, last year's trading profit of €138.9m was turned into a €150.9m loss. Net financial ...

Italcementi launches five-year bond, Italy

25 February 2013, Published under Cement News

Italcementi, the fifth-largest cement producer in the world, has launched a five-year bond of EUR350m at an issue price of EUR99.477 and a coupon of 6.125 per cent, according to reports in La Stampa. At the closure of the placement, orders exceeded EUR 2.5bn. Credit rating agency Moody's has rated the Italcementi bond Ba2 with a "negative" outlook. For 2013, Moody's expects Italcementi to face challenging market conditions in its key markets Egypt and France and, to a lesser extent, in Mor...

Zuari Cement recognised for marketing activities

25 February 2013, Published under Cement News

Zuari Cement has won the 2012 Zee Business brand excellence award for Marketing Communications. This annual award is endorsed by the World Brand Congress & Asian Confederation of Businesses and entrants are judged by a jury. The award gives recognition to those brands and marketeers who have achieved success through innovative and effective marketing practices, with regard to particular circumstances of different industries, budgets and the  diversity of marketing programmes.This year's...