Cement News tagged under: Italy
Positive trends in European construction recovery14 July 2017, Published under Cement NewsThe 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 Group05 July 2017, Published under Cement NewsBuzzi 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 direction23 June 2017, Published under Cement NewsNews 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... |
Buzzi Unicem strengthens position in Italy19 June 2017, Published under Cement NewsBuzzi 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 Holding16 May 2017, Published under Cement NewsThe 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 ahead15 May 2017, Published under Cement NewsBuzzi 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 acquisitions12 May 2017, Published under Cement NewsCementir'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 201725 April 2017, Published under Cement NewsCemtech 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 201710 February 2017, Published under Cement NewsThis 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 bottom28 October 2016, Published under Cement NewsIn 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... |