Displaying items by tag: Buzzi Unicem

Mexico: Cementos Moctezuma, a joint venture company of Cementos Molins, Buzzi Unicem and Grupo Carso, has ordered a Loesche vertical roller mill LM 53.3+3 C for its cement plant in Apazapan, Veracruz. The mill will produce 205t/hr CPC 30 cement at 4000 Blaine or 195t/hr CPC 40 cement at 3700 Blaine.

The order also includes a LDC classifier (Loesche Dynamic Classifier), as well as the COPE gearbox, including gearbox drive motors, developed in cooperation with RENK AG. The COPE gearbox features a redundancy of eight motors. With all eight motors in operation, an output totaling 4.6MW is achieved. The customer advantage lies in the fact that the COPE gearbox can reach up to 100% of the mill capacity performance even with a reduced number of motors. The COPE gearbox has the same external dimensions as a conventional planetary gear system and thus requires no extensive enlargement of the mill foundations.

Italy: Buzzi Unicem's offer to buy local Sacci has expired after being rejected by the banks and creditors. Buzzi is no longer bound to any commitment. Buzzi Unicem filed a binding offer in March 2015 to acquire 99.5% of Sacci for Euro120m, planning to fund the deal with available cash and/or existing credit facilities. Sacci has been undergoing debt restructuring under Italy's bankruptcy act. The deal was subject to approval by the anti-trust authority and the banks and creditors involved in the debt restructuring of Sacci.

Italy: Buzzi Unicem has presented a binding offer to buy 99.5% of the Italian cement producer SACCI for Euro120m. The offer would be funded from cash and existing credit lines and would see Buzzi take on SACCI's debt. Buzzi said that it might in future pay an additional sum, depending on events like the achievement of a certain level of sales of the two companies and the possible sale of non-core activities.

Italy: Buzzi Unicem has reported sales of Euro2.50bn in 2015, a slight decrease from Euro2.51 in 2014. Buzzi Unicem's sales rose in the United States and the Czech Republic, grew slightly in central Europe, were flat in Russia and continued to drop in Italy and Poland, according to a preliminary financial statement for 2014.

The Italian cement producer's net debt dropped by Euro34m to Euro1.06bn in 2014 due to cash flow from operations, disposal of non-strategic assets and a careful dividend policy. The group expects its recurring earnings before interest, tax, depreciation and amortisation (EBITDA) in 2014 to have risen to slightly over Euro400m, in line with previous guidance.

Buzzi Unicem's board of directors are called to approve the consolidated audited 2014 profit and loss statement on 27 March 2015.

Russia: Buzzi Unicem has completed the acquisition of 100% of Uralcement from for Euro104m in cash. The acquisition of Uralcement's plant in Korkino raises Buzzi Unicem's annual production capacity in Russia to 4.5Mt/yr.

In September 2014 Buzzi Unicem, via its German wholly-owned subsidiary Dyckerhoff, agreed to acquire Uralcement, subject to regulatory approvals expected by the end of 2014. Having obtained the authorisations, Buzzi Unicem has finalised the agreement for the acquisition of Uralcement's plant in Korkino, south of Chelyabinsk, with a cement production capacity of 1.1Mt/yr.

Buzzi Unicem seeks to boost its position in the Urals region and benefit from the combined production network with Dyckerhoff's plant at Sukhoy Log. Dyckerhoff entered the Russian cement market in 1994 with the acquisition of a stake in Sukholozhskcement.

Russia: Lafarge SA has sold one of its Russian cement plants to Buzzi Unicem as part of its effort to cut debt. The Ural Cement plant in Korinko, Chelyabisnk was sold for Euro104m. Lafarge aims to reduce its debt to below Euro9bn from Euro11.2bn. The plant sale requires regulatory approval.

Italy/Slovenia: Buzzi Unicem has completed a strategic agreement with Austria's Wietersdorfer & Peggauer, which was initially announced in February 2014. Under the terms of the deal, W&P Cementi, Wietersdorfer & Peggauer's Italian subsidiary, has acquired Buzzi Unicem's 0.3Mt/yr cement plant in Cadola, Belluno Province, Italy. W&P Cementi has also won the right to purchase Buzzi Unicem's 0.4Mt/yr cement plant in Travesio, Pordenone Province, Italy within the next five years for Euro22m. At the same time, Buzzi Unicem has paid Euro22m for a 25% stake in W&P Cementi and a 25% stake in Salonit Anhovo, Wietersdorfer & Peggauer's Slovenian subsidiary.

Spain/Mexico/Argentina: Cementos Molins plans to build its international presence outside of Spain with expansions planned for Mexico and Argentina. The company hopes to generate just 20% of revenues in Spain in 2017. The company reported a profit of Euro6.5m for the first quarter of 2014.

The Spain-based cement producer intends to invest in a Euro147m cement plant project in Veracruz, Mexico in 2015 – 2016 shared with Buzzi Unicem and Mexican company Carso. Cementos Molins also plans to upgrade its existing cement plant in San Luis, Argentina. Other projects include two cement plants at unspecified locations.

Mexico: Cementos Moctezuma has announced US$200m of investments to increase its cement production capacity by 1.3Mt/yr to 2.6Mt/yr at its plant in Apazapan, Veracruz. The company, which is owned by Buzzi Unicem, Cementos Molins and Carso, runs three plants in Mexico with a total production capacity of 6.4Mt/yr. Moctezuma's income grew by11% to US$164m in the January - March 2014 period.

Europe: A European court has rejected an appeal by members of an alleged cement cartel, including Holcim Deutschland, HeidelbergCement, Schwenk Zement, Holcim, Buzzi Unicem, Italmobiliare, Portland Valderrivas and various subsidiaries of Cemex. The companies have argued that the European Commission (EC) had exceeded its powers when it opened an investigation in 2008.

The cement manufacturers brought seven appeals forward, arguing that the EC had not given a sufficient explanation for the suspected infringements before pushing them to respond to a long series of questions in too short a time limit. The judges considered that the EC had judicially provided the required 'minimum degree of clarity.'

On the other hand, the court partially agreed with Schwenk Zement. It judged that the time limit of two weeks that the companies were given to identify all of their contacts, including informal ones, was inadequate.