Cement News tagged under: italy

RSS feed

Italy's Antitrust Authority approves Cementir Italia sale

20 November 2017, Published under Cement News

The Italian Antitrust Authority (AGCM) has approved the sale of Cementir Italia and its subsidiaries Cementir Sacci SpA and Betontir SpA to Italcementi. Following the closing of the transaction, which is expected in the first days of January 2018, Italcementi will be required to adopt certain structural remedies, including the divestiture of some plants and behavioural measures. Italcementi will select the facilities to be divested among those identified by AGCM, which has established pre...

Buzzi Unicem reports good performance in Russia, Czech Republic and Italy

10 November 2017, Published under Cement News

Buzzi Unicem's turnover for the first nine months was 6.7 per cent higher at EUR2133.4m, but no EBITDA or other profit numbers have been given this time. Net debt at the end of September was 2.8 per cent lower at EUR915.2m compared with a year earlier. Capital investment in the period was 10.7 per cent lower at EUR158m. Cement deliveries were 4.1 per cent ahead at 20.3Mt and ready-mixed concrete deliveries improved by 4.8 per cent to 9.2Mm³. The Italian turnover showed a recovery and rose...

Cementir Holding sees a 32% increase in revenue for 3Q17

09 November 2017, Published under Cement News

Italy-based Cementir Holding reported a revenue of EUR332.4m (US$385.4m) in the third quarter of 2017, reflecting a YoY increase of 32.1 per cent YoY. EBITDA rose to EUR46.5m in 3Q17, up 44 per cent YoY from EUR67m in the 3Q16 while EBIT reached EUR42.5m, representing a 59.8 per cent rise YoY. The company posted a 3Q profit before taxes of 42.3m, a 61.8 per cent increase when compared with 3Q16. In terms of sales volumes, the company sold 3.187Mt of grey and white cement during the qua...

Fixing Italy's broken market - consolidation is the key

19 October 2017, Published under Cement News

Like Spain, Italy's cement market collapsed dramatically after the global financial crisis, with cement consumption falling to just 18Mt in 2016 from the 2006 peak of 47Mt. Since then, overcapacity and a fragmented industry have seen profitability vanish while efforts to deeply restructure the industry have been too slow. Recent deals, however, suggest the end may be in sight. From 2006 to 2016, the Italian cement sector embarked on a major phase of capacity reduction, closing 29 c...

Italian producers to appeal watchdog decision

08 August 2017, Published under Cement News

Buzzi Unicem, Italcementi and Cementir have been fined by the Italian Competition Authority following a probe launched in November 2015 into the existence of alleged anti-competitive practices in the domestic market. The authority's decision states that Buzzi Unicem participated in an agreement concerning the alleged co-ordination of manufacturers regarding simultaneous price increases as well as an exchange of information within the industry association AITEC and, in general, the adopti...

Buzzi Unicem’s profit boosted by lower interest costs

04 August 2017, Published under Cement News

Buzzi Unicem's first half turnover improved by 7.3 per cent to EUR1353.8m and EBITDA advanced by 8.4 per cent to EUR241.1m. Group cement deliveries improved by 2.3 per cent to 12.5Mt, while ready-mixed concrete deliveries rose by six per cent to 5.9Mm³. The depreciation and impairment charges advanced by 16.1 per cent to EUR108.6m and the first half trading profit was ahead by 2.8 per cent to EUR132.5m. The interest charge dropped by 66.3 per cent to EUR12.3m and the pre-tax profit rose by...

Collaboration with Ecotec Solution fuels Italian expansion for UNTHA

01 August 2017, Published under Cement News

Industrial shredder manufacturer UNTHA has witnessed significant growth in Italy following a collaboration with one of the country’s leading environmental technology specialists, Ecotec Solution. The UK waste processing firm supplies systems that turn clients’ residual materials into valuable resources. In the last 12 months alone, Ecotec Solution has secured six high-value projects for the Austrian shredding giants. These include three XR mobil-e sales for waste to energy facilities – ...

Positive trends in European construction recovery

14 July 2017, Published under Cement News

The recovery in European construction activity appears to be making progress with improvements being seen in the housing segment in some key markets, while civil engineering activity is expected to pick up going forward. Eurostat's construction index shows that the downturn in activity for construction within the EU-28 brought on by the global financial crisis lasted longer than for the industry sector. Despite occasional short-lived periods of growth, the index of production for construct...

Buzzi completes acquisition of the Zillo Group

05 July 2017, Published under Cement News

Buzzi Unicem has completed the acquisition of the Zillo Group with the purchase of the remaining 52.1 per cent of the share capital of Cementizillo, the Italian cement major confirmed in a statement earlier this week. Following completion of the deal, Buzzi  Unicem owns 100 per cent of the company. The acquisition includes two integrated cement plants at Moncelice and at Fanna and will make Buzzi the clear leader in the northeast of the country. Not only does mean Buzzi closes the gap on It...

M&A in Italy: a step in the right direction

23 June 2017, Published under Cement News

News that Buzzi Unicem is acquiring fellow Italian cement producer Cementizillo SpA is seen as a small but welcome step in the right direction for the fragmented Italian cement industry. Last Friday Buzzi announced it had acquired 47.9 per cent of the share capital of Cementizillo and the remaining 52.1 per cent will be purchased from Mr AG Zillo, the sole director, in early July. The acquisition includes two integrated cement plants at Moncelice and at Fanna and will make Buzzi the clea...