Italy: plant closure opposed
The mayors of the Pescara mining basin have voiced their opposition to the closure of Italcementi's Scafa plant and have asked the company to review its plans. They are also re...
Italy
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S&P puts Buzzi Unicem, Dyckerhoff ratings on credit watch
Standard & Poor's has placed Buzzi Unicem’s rating on credit watch with negative implications, the Italian cement major announced in a statement. Buzzi Unicem's corporate rati...
Buzzi Unicem hit by weaker markets
Buzzi Unicem's first-half turnover declined by 5.7 per cent to EUR1273.7m and the EBITDA fell by 24.8 per cent to EUR150.7m as the Italian cement major was hit by weaker market...
Italcementi's underlying EBITDA fairly stable
Italcementi's first-half turnover declined by 6.2 per cent to €2156.6m and the running EBITDA was down by 10.6 per cent to €298.6m, with the reduction primarily reflecting exch...
Dyckerhoff shareholders approve Buzzi offer
The shareholders' meeting of Dyckerhoff AG gave the go-ahead to the squeeze-out launched by parent company Buzzi Unicem SpA on all outstanding ordinary and preferred Dyckerhoff...
Buzzi Unicem launches bonds, Italy
Italy’s second-largest cement producer Buzzi Unicem launched on Tuesday the placement of equity-linked bonds worth EUR200m maturing in July 2019. The bonds may be converted in...
Colacem looks to expand international presence
Colacem, Italy’s third-largest producer, has said it is looking to expand its presence abroad to help offset declines in domestic cement consumption. Director General Giusepp...
Buzzi Unicem is advancing in Russia and in the USA
Buzzi Unicem's first-quarter turnover declined by 10.5 per cent to €503.14m and the EBITDA dropped by 51 per cent to €11.75m but advances were seen in Russia and the USA. Th...
Cementir hit by hard Nordic winter
Cementir's first-quarter turnover eased by 0.3 per cent to €194.7m and the EBITDA declined by 26.9 per cent to €9.2m as the cement major was hit by a hard Nordic winter weather...
Buzzi Unicem net profit down on declines in Central Europe, Italy
Buzzi Unicem said on Thursday it posted an attributable net loss of EUR28.5m in 2012 compared with a profit of EUR27m in 2011, due to declines in Central Europe and a major slo...