Cement News tagged under: italy

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Science Based Targets initiative validates Cementir’s CO2 emissions reduction targets

27 July 2021, Published under Cement News

The Science Based Targets initiative (SBTi) has validated Cementir's CO 2 emission reduction targets, judged to be consistent with the 'well below 2°C' objective, pursuant to the Paris Climate Agreement of 2015.   SBTi has validated Cementir Holding commitment to a 25 per cent reduction of scope 1 and scope 2 GHG emissions per tonne of cementitious products by 2030, from a 2020 baseline. The target boundary includes biogenic emissions and removals from bioenergy feedstocks1. The objecti...

Sarche plant to reactivate kiln line

15 June 2021, Published under Cement News

Italy’s Italcementi (HeidelbergCement) has announced an investment of almost EUR5m (US$6.07m) at its Sarche plant in Madruzzo, Italy. The works will see the factory, which has been operating as a grinding unit since 2015, reactivate its pyroprocessing line. As a result, production capacity is expected to reach 250,000tpa by January 2022. The expansion is being made to meet the rising demand of northeast Italy, with the project also set to employ 30 people.

Cementir Holding is given a BBB investment rating by Standard and Poor

27 May 2021, Published under Cement News

Standard & Poor's rating agency announced that it had assigned Cementir Holding NV an Issuer Rating of “BBB- with Stable Outlook”.   The attribution of an investment grade rating is the culmination of a process that began several years ago, which saw Cementir significantly diversify its business and product portfolio, allowing it to achieve considerable stability in results, even during the recent pandemic crisis.  During 2020 Cementir Holding improved its profitability and further re...

Buzzi Unicem reports consolidated net sales of EUR3.22bn for FY21

10 May 2021, Published under Cement News

Buzzi Unicem’s financial statements for the year ended 31 December 2020 reported consolidated net sales came in at EUR3222.4m, virtually unchanged compared to EUR3221.4m in 2019. EBITDA stood at EUR780.8m (EUR728.1m in 2019). The income statement reported a consolidated net profit of EUR560.2m versus a profit of EUR385.7m in 2019.  As at 31 December 2020, net debt amounted to EUR241.6m, down EUR326.2m from EUR567.8m at 2019 year-end. Total equity, inclusive of non-controlling interests, s...

Cementir sees 49% rise in EBITDA for 1Q21

06 May 2021, Published under Cement News

Cementir Holding has reported a 12.6 per cent YoY increase in group revenue to EUR300.5m for the first quarter of 2021, compared to EUR266.9m in the 1Q20. EBITDA rose 49.4 per cent YoY to EUR48.1m from EUR32.2m, while its EBITDA margin advanced to 16 per cent from 12.1 per cent. "In the first quarter of 2021, the group reported results above our expectations, with revenues up by over 12 per cent, EBITDA by 49 per cent and EBIT by over 300 per cent compared to the same period of 2020. Thes...

Buzzi Unicem outlook for 2021

30 March 2021, Published under Cement News

Buzzi Unicem's Board of Directors gave an outlook for 2021 with expected sales recovery in Italy and an economic recovery in the USA, while forecasting higher industry inflation forces for building material production going forward.  In Italy construction investments are expected to grow moderately, mainly favoured by the residential building renovation sector and by a gradual recovery of activity in the commercial and public segments. In this context, Buzzi Unicem believe that a recovery...

Buzzi Unicem's Board of Directors assesses 2020 Consolidated Financial Statement

29 March 2021, Published under Cement News

The Board of Directors of Buzzi Unicem SpA have examined the statutory and consolidated financial statements for the year ended 31 December 2020.  In the year under review, the group sold 29.3Mt of cement, up 0.4 per cent compared to 2019 and 11.7Mm 3 of ready-mix concrete, down compared to the figure recorded in the previous year (-3.1 per cent). Consolidated net sales remained virtually unchanged during the two years, increasing from EUR3221.4m to EUR3222.4m. Changes in scope had a ...

Cementir records consolidated cement and clinker sales of 10.7Mt in 2020

10 March 2021, Published under Cement News

Cementir Holding's consolidated results for 2020 saw cement and clinker sales volumes total 10.7Mt, up by 12.9 per cent compared to 2019. This increase was mainly due to the upturn in sales in Turkey where cement volumes rose by 39 per cent over the year. Sales of ready-mix concrete equalled 4.4Mm 3 in 2020, up by 7.8 per cent while aggregates sales volumes totalled 9.5Mt, down by 1.8 per cent as a result of market contraction in Belgium and France due to the COVID-19 pandemic. Group ...

Buzzi Unicem reports stable 2020 volumes in spite of pandemic

12 February 2021, Published under Cement News

This week, Buzzi Unicem released its FY20 preliminary results. The Italian-based cement producer announced cement volumes of 29.3Mt, a YoY rise of 0.4 per cent despite the difficulties of the COVID-19 pandemic. The COVID-19 pandemic caused an unprecendented recession in the first half of 2020. The extraordinary economic policy packages taken out helped cushion the impact from the contraction of international trade, while the loosening of restrictive measures by the second half helped deli...

CTP Team presses ahead with ESP conversion at Rohdorfer Zement

10 February 2021, Published under Cement News

CTP Team SRL is currently working at the site of  Rohdorfer Zement, Austria, where the assembly activities of a dust emission control project are on-going. The EPC project is aimed at replacing the existing two electrostatic precipitators (ESPs) on the kiln raw mill with one new fabric filter with a design capacity of 450,000Am 3 /h. The new fabric filter will capture 186t of dust, the equivalent of nine trucks at full load each hour. Dust emission levels at stack will be compli...