Cement News tagged under: italy
Cementir benefits from the consolidation of US activities09 November 2018, Published under Cement NewsCementir's turnover for the first nine months of 2018 rose by 4.8 per cent to a restated EUR893.18m thanks to the full consolidation of Lehigh White Cement from the second quarter of this year and a higher Asia-Pacific turnover, but the eastern Mediterranean contribution was lower. EBITDA improved by 5.2 per cent to EUR163m and the trading was ahead by 6.2 per cent to EUR106.4m. After a net financial profit of EUR32.4m compared with a charge of EUR10.8m, the pretax profit jumped by 107.5 per... |
Buzzi Unicem's 9M18 cement volumes rise by 3.1%08 November 2018, Published under Cement NewsBuzzi Unicem reports that its 9M18 cement volumes recorded a rise of 3.1 per cent to 20.9Mt, up from 20.3Mt in 9M17. Consolidated net sales for the 9M18 amounted to EUR2137.4m , up 0.2 per cent compared to EUR2133.4m in the same period of 2017. Cement and clinker sales of the group in the period January-September 2018 stood at 20.9Mt, an advance of 3.1 per cent compared to the previous year (-0.8 per cent on a like-for-like basis). Meanwhile, Buzzi Unicem's ready-mix sales fell by 1.... |
First ORC WHR plant for Turkey29 October 2018, Published under Cement NewsCimko Narli cement works, owned by Sanko Holding, has awarded the turnkey contract for a waste heat recovery-based power plant to CTP Team, Italy. The facility will use organic Rankine cycle technology, a first in Turkey. Waste gas from the cooler will drive a 7MW turbo generator and produce around 12 per cent of the cement plant's electricity requirement, with an annual efficiency of 7920h and generate 36mkWh per year. CTP Team Assistant General Manager, Acelya Arik, and Sales... |
Buzzi Unicem continues share buyback23 October 2018, Published under Cement NewsBuzzi Unicem has announced that it acquired 1,116,000 ordinary treasury shares during the 15-19 October period. The company acquired the shares for a total consideration of EUR18,899,938 at an average price of EUR16.9. It now holds 3.085m ordinary shares and 29,290 saving shares as of 19 October, equivalent to 1.51 per cent of the issued share capital. |
Buzzi Unicem02 October 2018, Published under Cement NewsBuzzi Unicem has signed an agreement with Grupo Ricardo Brennand to purchase a 50 per cent stake BCPAR. This will involve a capital outlay of BRL700m (EUR144m), half of which will come in the form of a capital increase. It is expected that the deal will be concluded by the end of the year. There will be an option to acquire the remainder of the share capital during the 2025-26 period. In 2017 BCPAR generated a turnover of BRL538m (EUR110m) and an EBITDA of BRL88m (EUR18m) when 2.7Mt of ce... |
Buzzi Unicem begins share buyback scheme18 September 2018, Published under Cement NewsItaly’s Buzzi Unicem has announced the commencement of a share buyback programme, with the company able to repurchase up to 7m ordinary and saving shares. The plans are intended to provide the company with an instrument for liquidity investment, according to a press release. The programme will be completed within 18 months from the date at which authorisation was received on 10 May 2018 at the shareholders' meeting. The company currently owns 50,000 ordinary shares and 29,290 saving shares... |
Exergy signs WHR contract with Cementi Rossi27 July 2018, Published under Cement NewsCementi Rossi SpA awarded Exergy the contract for a 3.5MW ORC waste heat recovery (WHR) system to be installed near the cement producer's plant in Pederobba, near Treviso, Italy. The scope of the contract includes engineering, design, site erection, commissioning and start up of the power plant and a long term after sales service. Exergy designed a customised and compact ORC solution to convert approximately 16MWh available from exhaust heat in the clinker cooler into 3.5MW of electrici... |
ICR interviews Cementir's Francesco Caltagirone Jr05 July 2018, Published under Cement NewsIn the July issue of ICR, cement associations and producers reflect on the past three decades, highlight the industry’s achievements and look at the way ahead as climate change and other challenges drive changes in the industry. In this interview, ICR speaks with Francesco Caltagirone Jr, chairman & CEO, Cementir Holding SpA. ICR How has your company evolved over the last 30 years and what has changed most, at a plant or company level, over that period? Francesco Caltagirone Jr (FC) C... |
Cementir sets out plans in the run-up to 202027 June 2018, Published under Cement NewsIn the company's 2018-20 business plan, Francesco Caltagirone Jr, chairman and CEO of Cementir, vowed to generate more value for shareholders, presenting his vision for the next two years. Cementir's revenue is expected to grow by 5.5 per cent between 2017 and 2020, with a target set at EUR1.34bn in 2020. EBITDA is expected to rise by 6.6 per cent to EUR270m from EUR223m in 2017. To improve profitability and efficiency in all areas, the company would continues its drive to rationalise pro... |
Colacem completes Maddaloni Cement acquisition12 June 2018, Published under Cement NewsColacem SpA acquired on 1 June 2018 the entire share capital of Maddaloni Cement Srl, owner of a 0.3Mta cement manufacturing plant based in Maddaloni (CE), from Cementir Italia SpA (HeidelbergCement group). The transaction, which has been successfully finalised by the directors of the Colacem Board, will increase the domestic market share held by Colacem. "This step demonstrates our trust in the potential of our country and in the role cement will play as an indispensable product today... |