Skip to main content

Cementir benefits from 2016 acquisitions

Published by
World Cement,


Cementir Holdings has announced sales of 10.1 million t of grey and white cement in 2016, a 7.9% increase on the previous year, driven by strong performance in Denmark and China. Ready-mixed concrete and aggregates sales were also up by 17.9% and 17.0%, respectively.

Sales were boosted by the acquisition of Compagnie des Ciments Belge (CCB) by Cementir subsidiary, Aalborg Portland, from HeidelbergCement, and the cement and ready-mixed concrete business of Sacci SpA in Italy by CementirSacci, a subsidiary of Cementir Italia.

CCB owns cement, aggregates and ready-mixed concrete operations, including the largest cement plant in France and the Benelux. The acquisition was finalised in October 2016 for an enterprise value of €312 million.

The Sacci assets include five cement production plants in central and northern Italy, three distribution terminals, and 28 ready-mixed concrete mixing plants. The acquisition was finalised in July 2016 for a total amount of €125 million.

Excluding the impact of the acquisitions, like-for-like sales of cement increase by 1.3% in 2016, while sales of ready-mixed concrete were up 13.7%. Sales of aggregates were down, however, by 5.6%.

Read the article online at: https://www.worldcement.com/europe-cis/08032017/cementir-benefits-from-2016-acquisitions/

You might also like

 WCT2020

WCT2020

WCT2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.

Find out more and register for the series »

 

 Spotlight

World Cement Spotlight with Rockwell Automation

World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.

Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.

Watch the interview now »

 

LafargeHolcim signs net zero pledge with Science-Based Targets

The company has joined the Science Based Targets initiative (SBTi) ‘Business Ambition for 1.5°C,’ becoming the first global building materials company to sign the pledge with intermediate targets for 2030, validated by SBTi2.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

European cement news