Cement News tagged under: Italy
Cementir boosted by full-year results from Belgium15 February 2018, Published under Cement NewsCementir Holding's turnover in 2017 increased by 25.3 per cent to EUR1287.5m and EBITDA was ahead by 11.5 per cent to 220.5m. As regards the continuing business, the turnover advanced by10.9 per cent to EUR1140.0m and EBITDA emerged 13.3 per cent ahead at EUR224.2m, while the trading profit showed a 50 per cent advance to EUR142m. Net debt at the end of 2017 was 4.6 per cent lower at EUR536.6m, while capital investment in the year increased by 33.9 per cent to EUR92m. Since the year end, ... |
Buzzi Unicem expects to report EBITDA close to EUR580m09 February 2018, Published under Cement NewsBuzzi Unicem's turnover in 2017 improved by 5.1 per cent in 2017 to EUR2806m, with a like-for-like improvement of 3.7 per cent after adjusting for the acquisition of Zillo and currency movements. The company expects to report a preliminary EBITDA of nearly EUR580m in 2017 – below their latest guidance. The cement producer attributes the shortfall to a challenging environment in December and expects the impacting factors to be temporary and not affect the company's positive outlook for 2018. ... |
HeidelbergCement on path to consolidate Italian market05 January 2018, Published under Cement NewsHeidelbergCement's acquisition of Cementir Italy via its Italcementi subsidiary will make HeidelbergCement the Italian leader with a combined market share of around 38 per cent, ahead of Buzzi Unicem with 22.5 per cent, according to CIM-CIC Market Solutions. The research house also reports that the antitrust authority analysed the combined positions of the two entities (Italcementi and Cementir Italia) in eight commercial regions: Arquata (AL), Cagnano, Maddaloni, Spoletto, Tarante, Tar... |
Italy's Antitrust Authority approves Cementir Italia sale20 November 2017, Published under Cement NewsThe 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 Italy10 November 2017, Published under Cement NewsBuzzi 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 3Q1709 November 2017, Published under Cement NewsItaly-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 key19 October 2017, Published under Cement NewsLike 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 decision08 August 2017, Published under Cement NewsBuzzi 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 costs04 August 2017, Published under Cement NewsBuzzi 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 UNTHA01 August 2017, Published under Cement NewsIndustrial 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 – ... |