Cement News tagged under: Italcementi
Belgian fines for restricting market access02 September 2013, Published under Cement NewsThe three leading cement producers in Belgium, together with two industry associations, have been fined EUR14.7m for restricting market access. The Belgium Competition Council said in a statement on Friday that CBR (part of the HeidelbergCement group), Holcim Belgium and CCB (Italcementi) colluded with the Belgian cement association FEBELCEM and the national centre for technical and scientific research for the cement industry (CRIC/OCCN). Between May 2000 and October 2003 the parties... |
Italy: plant closure opposed21 August 2013, Published under Cement NewsThe 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 ready to assert their own reasons, to broaden the discussion at the national level. "Italcementi must comply with the national agreements signed in December last year, accepted by the social partners, in contrast to what the layoffs today, which was intended for restructuring and has become accusation of activities," ... |
Italcementi's underlying EBITDA fairly stable31 July 2013, Published under Cement NewsItalcementi'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 exchange rate movements and lower income from the sale of emission certificates. The trading profit dropped by 27.1 per cent to €77.4m, and after an 0.9 increase in the net interest charge to €51.8m and a swing into loss from associates, the pre-tax dropped by 61.2 per cent to €21.6m. With a 2.8 per cent increase in the... |
Italcementi subsidiary signs wind farm agreement, Egypt24 June 2013, Published under Cement NewsThe Egyptian Electricity Transmission Company signed a contract with Italgen, a subsidiary of Italcementi Group, to build a wind farm to help meet Suez Cement's energy requirements. The contract authorises Italgen, which has been studying the possibility of incorporating wind technology since 2008, to become the first private investor to enter the Egyptian National Grid, and build a wind energy park in the area of Gulf El-Zeit, according to a statement issued on Sunday. Electrical energy g... |
A TEC supplies fuel system to Ciments Calcia, France04 June 2013, Published under Cement NewsA TEC GRECO, specialists in combustion engineering, is to supply Ciments Calcia (part of the Italcementi Group) with a natural gas modification kit to be be implemented at its Couvrot cement plant in France. Due to rising fuel oil costs Ciments Calcia decided to change its complete fuel system on the kiln burner at the plant. In September 2012 the new petcoke system was started up in the already-prepared GRECO kiln burner. At the end of the year Ciments Calcia decided to invest in a natur... |
West China Cement chief visits Italcementi's new i.lab28 May 2013, Published under Cement NewsIn early May, West China Cement (WCC) representatives led by CEO Tian Zhenjun and Vice CEO Wang Jianli visited Italcementi's new i.lab at its Calusco cement plant in Bergamo, Italy. Accompanied by Federico Vitaletti, CEO of Italcementi's Innovation and Research Center, and Girolamo Veronese, Global Marketing Director, WCC representatives visited the facility to further deepen its cooperation with the the Italcementi Group in the fields of energy conservation and environmental protection,... |
Italian and French winters again disrupt Italcementi07 May 2013, Published under Cement NewsItalcementi's first-quarter turnover declined by 9.3 per cent to €964.8m and the running EBITDA fell by 32.7 per cent to €88.5m. The €21.3m trading profit a year earlier dropped to a €16.5m loss and the pre-tax loss jumped from €3.4m to €36.9m, though the net interest charge was 10.1 per cent lower at €25.7m. The net attributable loss jumped by 59.9 per cent to €78.2m. Net debt at the end of March was 3.4 per cent lower at €2105.9m, to give a gearing level of 51.3 per cent, compared with... |
Suez Cement production scaled back 30% due to energy shortages10 April 2013, Published under Cement NewsEgypt-based Suez Cement said that it scaled back production by as much as 30 per cent last year due to a lack of fuel supplies. "A lack of fuel supplies has cut our annual production of 12Mt by between 20-30 per cent since the start of the year," Mohamed Shanan, director of business development of Suez Cement, told Reuters. In terms of fuel price hikes, Mr Shanan told reporters at a recent energy conference that: "Any increase in (fuel) prices must be matched by an increase in cement ... |
Italcementi incurs substantial trading losses in Italy and Spain06 March 2013, Published under Cement NewsItalcementi has reported a 2012 trading loss compared to a profit in 2011 as the Italian cement major incurs substantial losses in its domestic market and Spain. Italian prices, however, see important improvements. Turnover for the year declined by 3.8 per cent in 2012 to €4480.1m but underlying EBITDA was down by 9.8 per cent to €632.4m. After an impairment charges that jumped from €134.3m to €309.4m, last year's trading profit of €138.9m was turned into a €150.9m loss. Net financial ... |
Italcementi launches five-year bond, Italy25 February 2013, Published under Cement NewsItalcementi, the fifth-largest cement producer in the world, has launched a five-year bond of EUR350m at an issue price of EUR99.477 and a coupon of 6.125 per cent, according to reports in La Stampa. At the closure of the placement, orders exceeded EUR 2.5bn. Credit rating agency Moody's has rated the Italcementi bond Ba2 with a "negative" outlook. For 2013, Moody's expects Italcementi to face challenging market conditions in its key markets Egypt and France and, to a lesser extent, in Mor... |