Global Cement News

Italy: Cementir Holding has appointed Roberto Marazza as its Group Chief Financial Officer with effect from 15 March 2023.

Marazza, graduated in business administration and accounting from Genoa University, started his career in IBM as accounting manager and then covered roles of increasing responsibility, including the position of CFO in fuel and energy and renewable energy companies such as Total ERG and Italiana Petroli (API Group).

Bolivia: Itacamba Cementos has appointed Marcelo Morales as its general manager.

Morales previously worked as the chief financial officer and head of procurement for the cement producer since 2015. Before this he held a variety of roles in Brazil for Votorantim Cimentos including finance, strategy and marketing roles. He was also the head of the company’s lime business for a period. Morales holds a qualification in business administration and a master’s degree in business administration.

Brazil: Votorantim Cimentos has appointed Marcos Electo Figueiredo Garcia as its General Manager of Logistics Efficiency.

Figueiredo Garcia has worked for Votorantim Cimentos since 2013 in a variety of supply chain and logistic roles. Most recently he held the post of Supply Chain Manager since 2019. He holds an engineering degree from the Universidade Federal da Bahia.

Democratic Republic of Congo: Heidelberg Materials has appointed Abderrahim Touile as the plant manager of its Lukala cement plant, operated by local subsidiary Cimenterie de Lukala.

Touile previously worked as the Industry Director for Vicat in Mauritania. He also worked as production manager for Ciments de l'Afrique (CIMAF) in Burkina Faso. Before these roles he held production roles with Lafarge in Morocco and South Africa between 2002 and 2015. Amongst other business and management qualification, Touile holds as master’s degree in business administration (MBA) from the Sorbonne Business School in France.

Greece: Titan Cement International stated in its preliminary results for 2022 that it expects to record Euro2.25bn in consolidated sales for the year. The figure corresponds to growth of 32% year-on-year from full-year consolidated sales of Euro1.71bn in 2021. The group's anticipated earnings before interest, taxation, depreciation and amortisation (EBITDA) are Euro330m, up by 20% year-on-year from Euro275m. Meanwhile, preliminary net debt fell by 12% year-on-year to Euro800m from Euro912m.

During the fourth quarter of 2022, Titan Cement International noted a 'significant improvement' in profitability quarter-on-quarter in its Southeast Europe and US regions. This came about partly due to a decline in electricity costs. The producer noted the success of its cost-saving actions in the area.