Cement News tagged under: italy

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Italcementi opens i.lab Research Centre, Italy

17 April 2012, Published under Cement News

Italcementi’s new Research and Innovation Centre designed by the US Architect Richard Meier, was inaugurated today in the presence of the Italian Minister for the Environment Corrado Clini. Minister Corrado Clini cut the ribbon in front of a large audience including Giampiero Pesenti, Italcementi Chairman, Carlo Pesenti, CEO, and the Group's top management. Also in attendance were representatives and journalists from 18 countries in which the Italcementi Group operates. Located in the Ki...

Buzzi Unicem boosted by strong Dyckerhoff advance

02 April 2012, Published under Cement News

On a turnover that advanced by 5.2% to €2787.4m, Buzzi Unicem’s underlying EBITDA improved by 6.0% to €422.3m. With the non-recurrence of the exceptional charges seen in 2010, the trading profit (EBIT) jumped from €0.3m to 185.9m. After a net interest charge 3.7% lower at €99.8m a pre-tax profit of €84.3m emerged, an improvement on the previous year’s loss but still well below the €235.2m profit achieved in 2009. Net attributable profit was €26.4m. Net debt at the end of the year was 9.8% lo...

Cementir boosts trading profit by 61%

09 March 2012, Published under Cement News

Cementir Holding increased turnover by 10.8% to €933m and the EBITDA advanced by 14% to €124.2m. With depreciation and impairment provisions being just 1.8% higher at €88m, the pre-tax profit advanced by 60.8% to €36.2m. However, a swing in net financial items from a €1.3m profit to a €22.6m loss was the prime factor behind a 39.8% reduction in the pre-tax profit to €36.2m. The net attributable profit came down by 67.6% to €3m. Net debt at the end of the year was 6.4% higher at €357.5m to g...

Buzzi Unicem appoints new director, Italy

09 March 2012, Published under Cement News

The Board of Directors of Buzzi Unicem appointed Prof. Ester Faia as independent director, to replace Prof. Elsa Fornero who resigned in November 2011 to take up office as the Minister of Welfare.

Italcementi’s profits drop by four-fifths

05 March 2012, Published under Cement News

Italcementi’s turnover edged ahead by 1.3% in 2011 to €4720.5m but the underlying EBITDA came down by 17.2% to €697.3m and impairment charges saw the trading profit drop by 65.2% to €129m. Net financial charges were reduced by 10.2% to €84.7m. A 39.9% reduction in exceptional costs and an increased contribution from the Canadian associates left the pre-tax profit 80.8% down at €53m, while at the net attributable there was a €3.1m loss compared a profit of €45.8m. Net debt at the end of 20...

Italcementi hit by lower Egyptian volumes and prices

06 February 2012, Published under Cement News

Italcementi's full year 2011 results have been impacted by its Egyptian operations which saw lower volumes and prices as the outlook for region remains uncertain. Italcementi’s turnover edged ahead by 1.3% last year to €4720.5m, but declined by exactly the same percentage on a comparable basis. Group cement shipments were down by 1.9% to 51.1Mt and the turnover from cement fell by 7.8% to €3056.3m, with cement volumes a bit higher in North America and in Asia but being lower elsewhere.  In...