Italcementi Group entered the Bulgarian market in 1998 through the acquisition of Devnya Cement, a company with a production facility situated near Varna, the largest port in the country.
A second acquisition was completed at the beginning of 1999, when the Group acquired control of Vulkan Cement, a company with a production plant located near Dimitrovgrad, in south-central Bulgaria.
To date, the Company has invested more than 340 million Euro in Bulgaria and ranks among the biggest foreign investors in the country. This includes both the original acquisition of the existing production capacities, the significant investments made in modernizing facilities, improving quality standards, reducing environmental impact of the operations, as well as the most recent investment - the construction of a new production line at the plant of Devnya Cement. The plant sells 10 cement products - eight grey cement types and two white cement types, as well as 13 dry mortar products. Devnya Cement is also the only company to manufacture white cement in Bulgaria.
Three years in a row, Devnya Cement AD and Vulkan Cement AD have been distinguished winners of 1st and 2nd place at the “National Health and Safety at Work Awards”, a true confirmation of their commitment to safety. Additionally, Devnya Cement received the “Green Business Award” in 2013 from the Ministry of Environment and Water. The Bulgarian operations hold a Certificate for Energy Management System ISO 50001:2011, ISO 14001 – environmental protection policy and system, ISO 9001 – Quality Management Certificate, as well as ISO 14064 – Carbon Footprint, fulfilling the highest national and European standards and regulations.
In 2012, Devnya Cement joined the Bulgarian network of the UN Global Compact - the world's largest voluntary corporate citizenship initiative. The network aims to unite business with the UN representation, civil society, labor and government institutions on the basis of ten universal principles in the areas of human rights, labor, environment and anti-corruption.
April 2012 marked the beginning of the construction of the largest investment project in Bulgaria made in the last quarter century, exceeding 160 million Euro.
The new Devnya plant, completed in late 2014, is fully operational since late spring of 2015. The new installation, with an annual production capacity of 1.7 million tons of cement will have many economic and environmental benefits, including: increased production efficiency, significant reduction of dust, CO2 emissions, water consumption and utilization of alternative fuels, such as RDF.
In February 2015, with reference to the new plant, Devnya Cement AD was awarded the prestigious Investor of the Year prize.