Cement News tagged under: italy

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Cementir reduces debt but also net profit

11 March 2016, Published under Cement News

Cementir Holding's turnover in 2015 recovered by 2.2 per cent to EUR969.0m, but EBITDA emerged just 0.8 per cent ahead at EUR194m. The trading profit, however, declined by 6.3 per cent to EUR97.61m while the net interest line went from a negative EUR4.6m to a positive EUR4.0m and the pretax profit improved by 2.2 per cent to EUR101.6m. Higher tax and minorities charges gave a net attributable profit 5.8 per cent lower at EUR67.5m. Net debt at the end of 2015 was 20.2 per cent lower at EUR...

Cementir given antitrust approval for Sacci deal

08 March 2016, Published under Cement News

The Italian Antitrust Authority has approved Cementir’s offer to purchase Sacci Spa's cement and ready-mix concrete business divisions. In a statement released yesterday, Cementir Holding said the Italian watchdog had published its decision not to carry out an investigation into the transaction, thus authorising subsidiary Cementir Italia to proceed with the acquisition. Sacci’s composition with creditors will be submitted to the vote of its creditors at a hearing set by the Court for ...

Buzzi Unicem preliminary figures show revenues rise 6.2 per cent in 2015

15 February 2016, Published under Cement News

Buzzi Unicem’s preliminary results for 2015 show a 6.2 per cent rise in revenues to EUR2662m from a year earlier. Thanks to the strengthening of the dollar, which was partly offset by the devaluation of the Russian ruble and the Ukrainian hryvnia, foreign exchange fluctuations had a favourable impact of EUR101m. The group’s net debt fell to EUR1.03bn in 2015 from EUR1.06bn in 2014. It expects from preliminary data that EBITDA will be EUR470m in 2015. Cement volumes for the year rose by...

Cementir outbids Buzzi to buy Sacci

30 December 2015, Published under Cement News

Shares of Italian cement group Buzzi Unicem fell after Cementir outbid its offer for the cement and ready-mix concrete business units of the Italian group Sacci SpA. Sacci has decided to include the EUR125m offer from Cementir Italia in the Sacci creditor protection plan, replacing a previous offer from Buzzi Unicem. Buzzi Unicem’s offer to purchase Sacci SpA had originally been made in March 2015 and had been approved by Italy’s Antitrust Authority in December.

Anti-trust authority approves Buzzi deal

23 December 2015, Published under Cement News

Italy's Antitrust Authority has approved Buzzi Unicem's offer to purchase the SACCI business unit and informed the Italian cement producer that it will not to open an investigation about the purchase transaction of SACCI SpA (SACCI). Buzzi Unicem is now clear to proceed further with the acquisition. The Buzzi Unicem offer remains under review by SACCI and the bodies of the composition proceedings initiated by SACCI. The outcome of the Buzzi Unicem offer depends on the development of the afo...

Cementir Board announces forecasts for 2016, new organisational structure

11 December 2015, Published under Cement News

Cementir Holding SpA's Board of Directors has approved the forecasts for the year 2016 and a new organisational structure for the group. The Group is expecting to achieve EBITDA of around EUR190m next year, and net financial debt of about EUR180m, with planned industrial investments of around EUR65-70m. The Italian cement producer said these forecasts are based on conservative assumptions, especially for Turkey, where the geopolitical situation is still highly unstable, with possible effe...

Italy: price fixing probe opened

27 November 2015, Published under Cement News

Italy's antitrust authority has opened a probe into four cement makers for alleged price fixing, it said in a statement on Thursday. The companies under investigation include Buzzi Unicem, Cementir Italia, Industria Cementi Giovanni Rossi and Holcim Italia, the watchdog said. The authority said it had carried out inspections in the offices of the four firms on 25-26 November. "The case concerns the possibility of an agreement ... to coordinate cement sales price increases," it added. ...

Estanda completes ball mill water injection system for Buzzi, Italy

27 November 2015, Published under Cement News

At the end of October 2015, Estanda completed the installation of a water injection system for a 3.8m diameter ball cement mill for the Buzzi Unicem group (Italy). This project enabled Estanda to achieve the target requested by the customer: ie, to obtain an outlet temperature in the cement of lower than 100˚C without compromising the quality of cement and maintaining the productivity of the process. The water injection system installed includes the following features, as outlined by Estan...

Buzzi boosted by strong US performance

11 November 2015, Published under Cement News

Buzzi Unicem's turnover for the first nine months improved by 5.2 per cent to EUR1998.1m while EBITDA rose by 16.4 per cent to EUR352.1m. The trading profit was ahead by 52 per cent to EUR206.9m and net financial charges rose by 65.2 per cent to EUR83.8m. T he contribution from associates increased by 38.0 per cent to EUR50m and the pre-tax profit was ahead by 46.9 per cent to EUR178.9m. The tax charge, however, declined by 11.8 per cent while the minorities charge fell by 68 per cent, le...

Cementir: good Nordic & Malaysia results

11 November 2015, Published under Cement News

Cementir's turnover for the first nine months of 2015 edged ahead by 0.7 per cent to EUR719.7m as good Nordic and Malaysian performances offset the weakness experienced in Turkey, Egypt and China, while Italy was broadly stable. EBITDA, however, did decline by 1.9 per cent to EUR125.3m and the trading profit came down by 5.7 per cent to EUR63m. After a net financial income of EUR0.6m compared with a charge of EUR3.1m, the pre-tax profit was off by just 0.2 per cent to EUR63.6m. Net debt ...