Cement News tagged under: italy

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Buzzi Unicem proposes to acquire SACCI

19 March 2015, Published under Cement News

Buzzi Unicem is offering EUR120m for a 99.5 per cent stake in SACCI and the simultaneous relief of all outstanding liabilities from a previous debt restructuring agreement.  The proposal is seen as a further step in the consolidation of the fragmented Italian cement industry, where Buzzi Unicem is the second largest producer behind Italcementi.  SACCI presently operates four cement plants, representing a current combined cement capacity of some 2Mta and 31 ready-mixed concrete batching pl...

Cementir performs well in Denmark

11 March 2015, Published under Cement News

Cementir Holding's turnover in 2014 declined by 4.1 per cent to EUR948m, but EBITDA improved by 13.4 per cent to EUR192.4m. The trading profit advanced by 35.7 per cent to EUR104.1m and the pretax profit rose by 57.5 per cent to EUR99.5m.  Net attributable profit recorded a 78.5 per cent advance to EUR71.6m. Net debt at the end of 2014 was 14.3 per cent lower at EUR278.3m, giving a modest gearing level of 26.7 per cent as shareholders’ funds increased by 9.3 per cent.  Capital investme...

Italcementi improves margins

06 March 2015, Published under Cement News

Italcementi's 2014 turnover declined by a further 1.8 per cent to EUR4155.6m but the underlying EBITDA did improve by 3.2 per cent to EUR649.1m. The depreciation charge declined by 3.1 per cent to EUR408.3m and impairment charges dropped by a further 70.9 per cent to EUR9.2m and the trading profit advanced by a further 42.3 per cent to EUR226.7m. Net financial charges rose by 14.3 per cent to EUR136.5m while the contribution from associates rose by 57.1 per cent to EUR11.7m to give a pre-...

Cementir shareholders approve capital hike

24 February 2015, Published under Cement News

The shareholders of Cementir Holding SpA announced on Monday that the company's Board of Directors will be able to raise the company's capital by up to EUR300m within five years, according to a statement released yesterday. The Italian cement major said in January it would ask its shareholders to approve an increase of up to EUR300m, including share premium, in one or more tranches. Via the rights issue, Cementir aims to increase its resources and financial flexibility in implementing i...

Buzzi Unicem sees improvements in the USA and Czech Republic

11 February 2015, Published under Cement News

Buzzi Unicem's turnover eased by 0.1 per cent last year to €2506m, but ignoring the exchange rate effect there would have been a 3.4 per cent improvement. Net debt at the end of December was 3.1 per cent below the level seen a year earlier at €1063m. Group cement deliveries in 2014 increased by 1.8 per cent to 25.1Mt and ready-mixed concrete deliveries improved by 1.4 per cent to 12Mm³. Domestic reduction in line with overall market Buzzi Unicem's Italian turnover declined by a furt...

Italcementi saw weaker French and Italian volumes in 2014

09 February 2015, Published under Cement News

Italcementi's turnover declined by 1.8 per cent in 2014 to EUR4155.6m, or by 0.7 per cent on a comparable basis. Group cement shipments edged ahead by 0.6 per cent to 43.4Mt and the turnover from cement and clinker was ahead by 1.0 per cent to EUR2742.9m, with cement volumes improving everywhere but in Europe.  The concrete and aggregates turnover declined by 6.9 per cent to EUR1162.5m as shipments of aggregates declined by 5.6 per cent to 30.8m tonnes and ready-mixed concrete deliveries ...

Cementir increases profit and reduces debt

06 February 2015, Published under Cement News

Cementir Holding's turnover in 2014 declined by 4.1 per cent to EUR948m, but at constant currencies there would have been a 5.3 per cent increase. The EBITDA, however, improved by 13.4 per cent to EUR192.4m, in spite of negative exchange rate movements though it was boosted by non-recurring credits of around EUR12m. As a result, the margin improved from 17.2 per cent to 20.3 per cent, or to 19 per cent excluding non-recurring items. The trading profit again showed a more marked advance, ri...

Cementir Holding plans rights issue, Italy

14 January 2015, Published under Cement News

Cementir Holding is to ask it shareholders to approve a rights issue of up to EUR300m, the Italian cement major has said. The board is calling an extraordinary shareholders’ meeting on 23 February 2015 to mandate the board for the rights issue to be carried out in five years, in one or more tranches, with pre-emptive rights, Cementir said in a statement. “The purpose of this proposal is to increase the capital resources and the financial flexibility of the company as part of the implementa...

Euromecc completes installation of Catania cement distribution terminal

19 December 2014, Published under Cement News

Euromecc Srl has completed the installation of a new storage and distribution terminal at the port of Catania, Sicily, for cement distributor Cata Beton. The turnkey project included the installation of two circular silos with a total storage capacity of 8000t. A double discharge cone enables the continuous feeding of tankers through extractor screws equipped with two dedusting telescopic dischargers.   The terminal is completely automated and equipped with radio frequency identification t...

Italy’s Competition & Market Authority awards three-star legality rating to Italcementi

08 December 2014, Published under Cement News

Italy’s competition and market authority, AGCM (Autorità Garante della Concorrenza e del Mercato), has awarded Italcementi a top three-star legality rating. The Legality Rating is an evaluation of a company’s legal compliance and the quality of its corporate governance and commitment to correct, sustainable business management. In this sense, it is also an enviable opportunity for firms to apply to the Authority for an authoritative independent assessment of their operations. "The rating a...