Cement News tagged under: italy

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Buzzi Unicem strengthens position in Italy

19 June 2017, Published under Cement News

Buzzi Unicem is expanding its position in northen Italy with the acquisition of Cementizillo SpA. A total of 47.9 per cent of Cementizillo’s share capital has just been acquired and the remaining 52.1 per cent will be purchased from Mr AG Zillo, the sole director, in early July. Some of the purchase price of EUR60m will be deferred, but only in respect of Mr Zillo, and an additional amount may become payable if the average cement price over the 2017-2020 period were to exceed a certain le...

Paolo Zugaro appointed general manager of Cementir Holding

16 May 2017, Published under Cement News

The Board of Directors of Cementir Holding SpA on 11 May 2017 appointed Paolo Zugaro as General Manager of the company. Effective 1 May, Mr Zugaro is also Chief Operating Officer for the entire group. Paolo Zugaro named GM of Cementir Holding With a degree in electrical engineering from Tor Vergata University, Rome, Mr Zugaro (52) has occupied a variety of managerial positions of increasing responsibility both in the Caltagirone Group and in the Cementir Group starting from 1...

Buzzi Unicem first quarter volumes ahead

15 May 2017, Published under Cement News

Buzzi Unicem's first-quarter turnover improved by 8.9 per cent to EUR588.5m. Net debt at the end of March was 4.1 per cent higher at EUR979.9m, while capital expenditure was reduced by 29 per cent to EUR49.2m. Cement deliveries increased by 4.5 per cent to 5.2Mt, while group ready-mixed concrete deliveries were ahead by 9.1 per cent to 2.6Mm³. The Italian turnover advanced by 12.7 per cent to EUR95.1m as deliveries of cement and clinker showed a good improvement thanks to higher export sh...

Cementir benefits from acquisitions

12 May 2017, Published under Cement News

Cementir's first-quarter turnover rose by 33 per cent to EUR279.9m while on a like-for-like basis the improvement was just 0.5 per cent. EBITDA improved by 7.9 per cent to EUR23m, with only the Nordic countries showing an improvement. At the trading level there was a reduction from a EUR1.2m, profit to a EUR1m loss and at the pretax level the loss increased by 2.8 per cent to EUR6.2m. Net debt at the end of March was EUR646.4m compared with the EUR271.9m a year earlier to give a gearing l...

Cemtech Rome 2017

25 April 2017, Published under Cement News

Cemtech Rome has successfully concluded after being held on 1-4 October 2017 at the Sheraton Roma Hotel and Conference Center. Please view a full report of the event here , alongside photos of the event.

The world in 2016 and outlook for 2017

10 February 2017, Published under Cement News

This year will be a challenging year for the multinational cement companies, which are now faced by uneven economic performance in the emerging markets, combined with a new era of global political uncertainty that could further destabilise markets. On balance, however, global growth looks set to be anchored by positive trends in the major markets of China, India and the US, more than offsetting the poor performance elsewhere. The large cement majors have spent years diversifying their por...

Cementir CEO: Italy's cement market has finally reached the bottom

28 October 2016, Published under Cement News

In an interview with Reuters, CEO and Chairman of Cementir Holding, Group Francesco Caltagirone jr, said "After nine year of contraction of cement output, I think the Italian market has reached the bottom," he said. Domestic producers hit by the crisis could be a buying opportunity, Caltagirone said, adding the right target would have a price tag of no more than "tens in million of euros". A dozen other domestic groups are struggling to survive as output has halved since 2008 in Italy a...

Italy: Monselice cement plant to burn SRF

22 September 2016, Published under Cement News

The 0.7Mta capacity Monselice cement plant (Cementizillo group), in Padova, Italy, has received so the authorisation to substitute 50 per cent of its petcoke firing with solid secondary refuse-derived fuel (SRF) Last Monday night, at the city council, more than 100 people were present to support the motion presented by the opposition asking to block the procedure to initiate a debate on the faults of the request. However, the process has been approved in committee.

Italcementi hit by restructuring and impairment charges

02 August 2016, Published under Cement News

Italcementi's first-half turnover declined by 2.1 per cent to EUR2122.6m and running EBITDA was 7.6 per cent lower at EUR300m. Hit by restructuring and impairment charges, the trading profit of EUR113m was turned into a EUR2090.6m trading loss. Net financing costs increased by 3.6 per cent to EUR68.4m, giving a pretax loss of EUR291.1m, compared with EUR57.3m profit a year earlier. At the net attributable level there was a EUR372.8m loss, compared with a EUR32.6m a year earlier. Net debt ...

Italy: Cementir receives court approval for Sacci Spa purchase

09 June 2016, Published under Cement News

The Court of Rome has published the decree of approval of the composition with creditors of Sacci Spa, which includes the offer to purchase its business divisions submitted by the subsidiary Cementir Italia Spa. The Court  verified the regularity of the procedure and the outcome of the creditors’ vote and approved the arrangement with a motivated decree. The closing of the transaction, subject to the satisfaction of all conditions to which it is subject, is expected by the end of July 2...