Cement News tagged under: italy

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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...

Italcementi: European decline largely offset by Asian improvement

07 February 2013, Published under Cement News

Italcementi's group cement shipments in 2012 saw a decline of 6.6 per cent to 45.9Mt with cement volumes being down in Europe and in the Middle East, but improving elsewhere. Group turnover declined by 3.8 per cent last year to €4480.1m, or by 4.9 per cent on a comparable basis and the turnover from cement and clinker was off by three per cent to €2903.5m. In concrete and aggregates, turnover fell by 7.8 per cent to €1280.3m as shipments of aggregates fell by 10.8 per cent to 34Mt and re...

Cementir improves profits in spite of lower volumes   

01 February 2013, Published under Cement News

Cementir Holding saw turnover advance by 4.6 per cent to €976.2m, helped by better prices, and the EBITDA improved by 11.1 per cent to €138.0m. Net debt at the end of 2012 was 4.2 per cent higher at €373m. The number of employees increased by 3.3 per cent to 3307. Group shipments of grey and white cement declined by six per cent to 9.85Mt, reflecting lower volumes in Italy and in Egypt and a decline in exports from Turkey. This was in part offset by higher volumes in the Far East. Aggre...

Euro area construction output down 0.4 per cent in November

18 January 2013, Published under Cement News

Construction output in the 17-nation euro area decreased 0.4 per cent in November according to first estimates released by Eurostat. In Germany, Europe’s largest economy, November construction advanced one per cent from a month earlier, while Spain gained 1.2 per cent, according to today’s report. However, these gains were offset by falls in France and Italy, where output dropped 0.5 per cent and 3.4 per cent, respectively. In the 27-nation EU, construction fell 0.9 per cent from October...

Italcementi announces restructuring plan, Italy

13 December 2012, Published under Cement News

Italy’s leading cement producer Italcementi has approved a 2013-14 reorganisation of its domestic operations to cut annual costs by EUR40m (US$52.2m). The plan, named “Project 2015” forsees a temporary redundancy scheme for up to 665 employees. At present the company employs 2500 staff of whom two-thirds are involved in its productions sites and the rest work at the company's headquarters in Bergamo.

Italcementi awards Rezzato cement upgrade to KHD

13 November 2012, Published under Cement News

The Italcementi Group recently awarded KHD a contract to upgrade and redevelop its Brescia Rezzato plant in Italy. The upgraded plant, situated the in environmentally sensitive Lake Garda region, will have to adhere to very strict emissions, noise and other environmental requirements, while simultaneously ensuring highest levels of availability and low investment costs. Scope of supply Italcementi has chosen KHD’s Clean Technology to meet this challenge, which includes: • KHD COMFLEX® ...

Buzzi Unicem's turnover edges ahead and profit advances

09 November 2012, Published under Cement News

Buzzi Unicem's turnover for the first nine months was up by 1.7 per cent to €2,146.3m and the EBITDA increased by 11.7 per cent to €368.7m. The trading profit rose by 29.6 per cent to €198.9m and net financial charges increased by 25.1 per cent to €85.3m. After an 89.3 per cent higher contribution from associates, the pre-tax profit rose by 33.5 per cent to €116.8m. With charges for tax and for minorities increasing more slowly than the pre-tax profit, the net attributable profit jumped by ...

Cementir's ready-mixed concrete volumes weaken

08 November 2012, Published under Cement News

Cementir's turnover for the first nine months of the year was up by 4.9 per cent to €730.9m. EBITDA, which weakened by 11.9 per cent in the third quarter, was ahead by a modest 3.5 per cent to €94.9m. This reflected higher energy costs, particularly in the case of electricity, and increased staffing levels was a result of the expansion into waste management. The trading profit advanced by 4.7 per cent to €30.6m.  The net financial charge declined by 37.4 per cent to €13.9m to give a more ...

Italcementi to revamp Rezzato works, Italy

26 October 2012, Published under Cement News

Leading Italian cement producer Italcementi said it will invest EUR150m to revamp its Rezzato works. The project is scheduled to start in November and is expected to be operational by the end of 2014. The restructuring will lead to improvement in the environmental and economic sustainability of the plant, CEO Carlo Pesenti said. The project aims to cut production costs by 23 per cent and reduce specific consumption of raw materials by eight per cent. The company has been in the ...