Italcementi - Press releases

Quarterly report as at March 31, 2012

05/14/2012

Italcementi S.p.A. hereby announces that the quarterly report as at March 31, 2012, drafted in accordance with the current applicable laws, has been filed with the Company’s registered office in Bergamo, Via G. Camozzi no. 124, and with Borsa Italiana S.p.A., and it is available to whoever may request for its review.
The quarterly report is also available on the Company’s website www.italcementigroup.com.

Board of Directors examines consolidated results at March 31, 2012

05/04/2012

For the January-March 2012 period, Group revenue was down on the first quarter of 2011 due to the negative volume effect; this effect – particularly significant in Europe – was counterbalanced in part by a sales prices trend that was positive in Italy and stable in most other countries, with the exception of Egypt.
With regard to operating results, the effects of the action underway to contain fixed costs and the greater efficiency achieved mitigated in part the rise in energy costs and the impact of the decline in sales volumes.

Italcementi becomes strategic partner of West China Cement

05/04/2012

Italcementi Group strengthens its presence in China by becoming one of the main shareholders and strategic partner of the largest player in the Shaanxi Province, with development initiatives in Western China.
The agreement foresees the sale to West China Cement of 100% of the share capital of Shaanxi Fuping Cement Company, acquired by the Group in 2007, which in turn also owns 35% of the share capital of Shifeng Cement, acquired in 2010, against the subscription of a reserved capital increase of WCC, after which Italcementi Group will own approximately a 6.25% stake in the Chinese group becoming the third shareholder of the company. Italcementi will be represented with one member on the Board of Directors of West China Cement.

Italcementi AGM approves the 2011 financial statements

04/18/2012

At the Annual General Meeting of Italcementi S.p.A., which took place today in Bergamo, the 2011 financial statements were approved. These closed with a consolidated profit of 91.2 million euro and a turnover of 4,720.5 million. The shareholders approved distribution of a dividend of 0.12 euro per ordinary share (0.12 euro for the 2010 financial year) and 0.186478 euro per savings share (0.12 euro). The dividend will be paid as of May 24 2012 (tear-off date May 21 2012).

Turkish Competition Board gives its green light to the agreement with Cimsa on Afyon shareholding

04/13/2012

The Turkish Competition Board has granted its approval to the agreement announced on February 15 concerning the sale by Italcementi Group to Cimsa of the shareholding held in Afyon.

The share transfer and the simultaneous payment of the consideration is expected to occur within the end of April.

S&P puts Italcementi's rating under review with negative implications

04/03/2012

As part of its activities, Standard and Poor's has put the corporate Italcementi’s rating (BBB-/A-3) under review with negative implications.

Also the rating of the subsidiary Ciments Français has been put under review.

Devnya Cement begins the realization of one of the largest investment projects in Bulgaria during the last 20 years

03/29/2012

Devnya Cement officially announces the start up of the construction stage of the Devnya Cement New Line Project. The announcement came after entering into contract with SINOMA/CBMI, the project’s new general subcontractor.

2011 Annual financial report

03/27/2012

Italcementi S.p.A. hereby announces that the file containing the annual financial report, including draft financial statements and consolidated financial statements, management report and the statement under art. 154-bis, 5th paragraph of Legislative Decree 24 February 1998 no. 58, drafted in accordance with the current applicable laws, has been filed with the Company’s registered office in Bergamo, Via G. Camozzi no. 124, and with Borsa Italiana S.p.A., and it is available to whoever may request for their review.
The annual financial report is also available on the Company’s website www.italcementigroup.com

Documentation for the annual General Shareholders’ meeting April 18-19, 2012

03/27/2012

Italcementi S.p.A. hereby announces that the reports concerning:

Remuneration Report;
Authorization to purchase and dispose of treasury shares;
Proposal to amend articles 5 (Share capital), 15 (Appointment of the Board of Directors), 16 (Replacement of Directors), 26 (Appointment of the Board of Statutory auditors) and 27 (Replacement of Auditors) of the company bylaws;

items on the agenda of the Annual General Shareholders’ Meeting which will be held on April 18, 2012 on first call and the following day on second call, are available to whoever may request for their review at the Company’s registered office in Bergamo, via G. Camozzi no. 124 and at Borsa Italiana S.p.A.

The aforementioned reports are also available on the Company’s website www.italcementigroup.com

Presentation of lists - appointment of the Board of Statutory Auditors

03/23/2012

Italcementi S.p.A. hereby informs that as of March 24, 2012 (expiration of the twenty-five day period preceding the Annual General Shareholders’ Meeting called to appoint the Board of Statutory Auditors) a sole list of nominees has been filed with the company’s registered office.

Italcementi Group will supply 240.000 cubic meter of ready mix concrete for a mega infrastructure project in Kuwait City

03/20/2012

Italcementi Group will be one of the suppliers for the Jamal Abdul Nasser Street Project, part of a mega infrastructure project in Kuwait City, which will be developed by the Rizzani OHL Boodai Trevi Joint-Venture, a joint-venture of Italian construction Groups Rizzani de Eccher and Trevi, Spanish construction Group OHL, and Kuwait conglomerate Boodai Corporation.
The project includes the substantial upgrade of this main traffic artery in the middle of Kuwait City, to upgrade the status of Jamal Abdul Nasser Street to that of an Express-Way through the construction of over 395,000sqm of viaducts, which include six cloverleaf intersections and other pertaining structures.
The supply of ready mix concrete - representing the casting of 240 thousand cubic meters over three years, starting from next summer- will be delivered through Kuwait-German Ready Mix Concrete Company - one of the three ready-mix subsidiaries of Italcementi Group in Kuwait. The agreement has an economic value of around 6 million KWD (approximately 22 million US dollars).

Documentation for the annual general Shareholders’ meeting april 18-19, 2012

03/19/2012

Italcementi S.p.A. hereby announces that the reports concerning:

Supplement to the Board of Directors;
Proposal upon the increase of the total amount of rights allocated to the “Long-term monetary incentive Plan for officers, linked to the appreciation of Italcementi shares”

items on the agenda of the Annual General Shareholders’ Meeting which will be held on April 18, 2012 on first call and the following day on second call, are available to whoever may request for their review at the Company’s registered office in Bergamo, via G. Camozzi no. 124 and at Borsa Italiana S.p.A.
The aforementioned reports are also available on the Company’s website www.italcementigroup.com

Documentation for the annual general Shareholders’ meeting april 18-19, 2012

03/07/2012

Italcementi S.p.A. hereby announces that the report concerning the appointment of the Board of Statutory Auditors, item on the agenda of the Annual General Shareholders’ Meeting which will be held on April 18, 2012 on first call and the following day on second call, is available to whoever may request for its review at the Company’s registered office in Bergamo, via G. Camozzi no. 124 and at Borsa Italiana S.p.A.

The aforementioned report is also available on the Company’s website www.italcementigroup.it

Board of Directors examines consolidated results at December 31, 2011

03/02/2012

After a positive first quarter, 2011 saw an intensification in the economic crisis which has been affecting the main industrialized countries for five years now, with a negative impact on demand for construction materials. In the emerging countries, healthy performance was reported, with the relevant exception of Egypt.
The combination of these trends, the renewed pressure on energy prices and a negative exchange-rate effect, counterbalanced in part by measures to improve industrial efficiency and by a generally positive sales prices trend (excluding Egypt), led to an overall decline in results (EBITDA at 738.1 million euro was down 12.1%) while revenue remained stable (4.72 billion euro).

Agreement with Cimsa for the sale of the entire shareholding in the Turkish subsidiary Afyon

02/15/2012

The Italcementi Group, through Ciments Français has signed an agreement with Cimsa for the sale of its entire shareholding in Afyon Cimento. The agreed price for the 51% of the share capital of Afyon is approximately equal to 25 million euro.