Euromecc completes installation of Catania cement distribution terminal
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 ...
Italy
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Italy’s Competition & Market Authority awards three-star legality rating to Italcementi
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 Ratin...
Cementir boosts pretax profit
Cementir's turnover for the first nine months of 2014 declined by 3.7 per cent to EUR714.7m as the Turkish and Egyptian currencies declined against the euro and Italian volumes...
Italcementi reduces nine-month loss
Italcementi's turnover declined by 3.1 per cent to €3,217.5m in the first nine months the year and the running EBITDA eased by 0.6 per cent to €469.3m. Very substantially lower...
Buzzi Unicem's US profits grow
Buzzi Unicem's turnover for the first nine months edged ahead by 0.2 per cent to EUR1898.7m while EBITDA improved by 10.8 per cent to EUR302.5m. The trading profit was ahead...
Berenberg upgrades Italcementi
Analysts at Berenberg bank have upgraded its recommendation on Italian cement major Italcement's stock to 'buy' from 'sell' with a target price of EUR6.30. Berenberg said the ...
Buzzi Unicem: Italy still declining
Buzzi Unicem's first half turnover improved by 2.7 per cent to EUR1180.7m and the EBITDA rose by 27.7 per cent to EUR138.5m. The depreciation and impairment charges include ...
Moody's upgrades Italcementi outlook
Moody's has confirmed Italcementi's Ba3 rating and upgraded the company's outlook from 'stable' to 'positive' following the successful conclusion of the Italian cement major's ...
Italcementi suffers from jump in financing costs
Italcementi's first-half turnover declined by six per cent to EUR2048.4m, but the running EBITDA did improve by 2.2 per cent to EUR304.8m. Helped by a 6.2 per cent reduction...
Buzzi Unicem and Wietersdorfer deal completed
Buzzi Unicem has completed a strategic agreement with Wietersdorfer initially announced in February this year. Under the terms of the deal, Buzzi Unicem is receiving EUR22m fr...