Cement News tagged under: italy

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Italy sees 32% advance in 1H production

03 September 2021, Published under Cement News

Domestic cement output in Italy picked up by two per cent YoY in June 2021, following a YoY increase of 18 per cent in May 2021, according to Federbeton. In the January-June period output has advanced 32 per cent when compared with the year-ago period. To supplement local supply, Italy imported 151,444t of cement in May 2021, up 75 per cent YoY. In terms of CIF values, the total price was EUR7.772m, or US$51/t. In addition, exports advanced by 10 per cent YoY to 148,311t in May 2021.Thei...

Buzzi Unicem's net sales rise 6% in 1H21

04 August 2021, Published under Cement News

Buzzi Unicem's net sales in the 1H20 increased 5.8 per cent, standing at EUR1608.7m versus EUR1520.1m in 1H20, while EBITDA improved by 12.3 per cent, advancing from EUR313.9m to EUR352.5m. After amortisation and depreciation of EUR122.8m (EUR128.4m in the previous year), EBIT amounted to EUR229.7m (EUR185.5m in 1H20). The income statement for the 1H21 closed with a net profit of EUR209.7m, compared to EUR216.7m in the same period of 2020. Cement sales of the group in the first six mon...

Cementir sees 1H net profit rise of 140%

30 July 2021, Published under Cement News

Cementir reported a 16.5 per cent rise in revenues for the first half of 2021 to EUR664.5m from EUR570.4m in the 1H20. The increase reflects an 18.7 per cent rise in the sales of grey and white cement and clinker to 5.457Mt, a 31.4 per cent increase in ready-mix concrete sales to 2.515Mm3 and a 12.2 per cent uptick in aggregates sales to 5.211Mt when compared with the 1H20. EBITDA increased by 36.6 per cent to EUR133.5m in the 1H21 from EUR97.8m in the year-ago period. Group net profit adv...

Italcementi selects Bedeschi crusher

28 July 2021, Published under Cement News

Bedeschi has signed a new order with Italcementi (HeidelbergCement group) for the supply of clay handling equipment and other sticky materials. The machines will operate at the Matera plant, Italy.   The installation includes a Bedeschi double-roller crusher installation receiving incoming material discharged by dumping trucks.   The crusher has a design capacity of 400tph, with two motors of 110kW each installed. The hoppers’ internal surfaces are lined with specific material, su...

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...