Buzzi Unicem

Buzzi Unicem S.p.A. is an Italian company, quoted on the Borsa Italiana, which produces cement, ready-mix concrete,[3] and construction aggregates.[4] Its headquarters are in the town of Casale Monferrato which was once known as the Italian ‘cement capital’. Today it has subsidiaries, interests and operations in Italy, Luxembourg, Germany, Algeria and Eastern Europe as well as in North America.[5]

The company was formed in September 1999 when Buzzi Cementi (founded as Fratelli Buzzi SpA in Trino Vercellese by the brothers Pietro and Antonio Buzzi in 1907) took over Unicem (founded as Cementi Marchino in Casale by Luigi Marchino in 1878), and took on the name Buzzi Unicem.

Buzzi Unicem S.p.A.
Società per Azioni
Traded as
IndustryBuilding materials
Founded1999
Headquarters,
Italy
Key people
ServicesCement, construction aggregate, concrete[1]
RevenueIncrease €2,813 million (2012)[2]:58
Increase €197 million (2012)[2]:58
Decrease €2 million (2012)[2]:58
Total assetsDecrease €5,802 million (2012)[2]:57
Total equityDecrease €2,603 million (2012)[2]:57
Number of employees
Decrease 10,837 (2012)[2]:2
Subsidiaries
  • Dyckerhoff (Germany)
  • Buzzi Unicem USA
Websitewww.buzziunicem.it

Growth through acquisition

In 2004 the group acquired control of the German cement company Dyckerhoff (founded as Portland-Cement-Fabrik Dyckerhoff & Söhne in Amöneburg by Wilhelm Gustav Dyckerhoff and his sons in 1864). In March 2018, Buzzi Unicem acquired the German firm Portlandzementwerke Seibel & Söhne through the Dyckerhoff subsidiary.[6]

In September 2018, Buzzi Unicem revealed that it had acquired 50% of Brazil's BCPAR (owned by Grupo Ricardo Brannand), which includes two cement plants in the country, with an option to acquire the rest of the firm by 2025.[7] This acquisition was made at a relatively low cost, likely at a loss for the seller, due to the precarious financial situation facing the Brazilian construction industry at the time.[7] In November 2018, Buzzi Unicem was one of thirty companies that formed the advocacy group Global Cement and Concrete Association, as a partial replacement for the Cement Sustainability Initiative.[8]

As of 2018, the company had sales in, at least, the Czech Republic, Germany (through Dyckerhoff),[6] Italy, Luxembourg, Mexico, Netherlands, Poland, Russia,[9] Slovakia, Ukraine, and the United States (through Buzzi Unicem USA)[10].[11]

Operations

The current Chairman is Sandro Buzzi; Chief Executives are Pietro Buzzi (Corporate Finance) and Michele Buzzi (Operations management).

Buzzi Unicem was among several cement companies who in mid-2018 were fined tens-of-millions of Euros for cartel-like behavior in Italy, fines initially imposed in 2017 by the Italian Competition Authority and subsequently appealed.[12]

In September 2017, the company bought a 50% stake in Ecotrade, a supplier of industrial byproducts (e.g. fly ash, slags), with the intent to expand it's internal operations.[13]

In mid-2017, Buzzi Unicem suffered a cyberattack which disrupted its internal process administration and delayed financial disclosures, thought to be due to the Petya ransomware virus likely infiltrating through plants that it operates in the Ukraine.[14]

References

  1. ^ "BZU:BrsaItaliana Stock Quote - Buzzi Unicem SpA". Stocks. Bloomberg.
  2. ^ a b c d e f "Annual Report 2012". Buzzi Unicem. Archived from the original on 5 December 2014. Retrieved 1 July 2013.
  3. ^ Sagar.T (21 January 2019). "Global Ready Mixed Concrete Market 2018 - LafargeHolcim, Cemex, HeidelbergCement, CRH Plc, Buzzi Unicem, US Concrete". Industry News Alert. Retrieved 2 February 2019.
  4. ^ Fabrizio Di Giusto (1 March 2017). "BUZZI UNICEM SPA Company Profile | Key Contacts, Financials & Competitors". D&B Hoovers. Retrieved 27 January 2019.
  5. ^ "Locations". Buzzi Unicem. 2008. Archived from the original on 11 March 2009.
  6. ^ a b Staff (14 March 2018). "Buzzi Unicem to acquire Portlandzementwerke Seibel & Söhne". Global Cement. Surrey, England: Pro Global Media Ltd. Retrieved 2 February 2019.
  7. ^ a b Perilli, David (12 September 2018). "Buzzi bags a Brazilian bargain… and beyond". Global Cement. Surrey, England: Pro Global Media Ltd. Retrieved 2 February 2019.
  8. ^ Perilli, David (28 November 2018). "Global Cement and Concrete Association takes form". Global Cement. Surrey, England: Pro Global Media Ltd. Retrieved 2 February 2019.
  9. ^ Staff (10 November 2017). "Buzzi Unicem's revenue boosted by European and US sales". Global Cement. Surrey, England: Pro Global Media Ltd. Retrieved 2 February 2019.
  10. ^ Staff (1 September 2017). "Winners from Buzzi Unicem, Ash Grove Cement and Salt Rivers Materials announced in PCA's 2017 John P Gleason Jr Leadership Awards". Global Cement. Surrey, England: Pro Global Media Ltd. Retrieved 2 February 2019.
  11. ^ Staff (3 August 2018). "Buzzi Unicem suffers from negative currency effects in first half of 2018". Global Cement. Surrey, England: Pro Global Media Ltd. Retrieved 2 February 2019.
  12. ^ Staff (14 June 2018). "Italian court confirms fines for cement producers". Global Cement. Surrey, England: Pro Global Media Ltd. Retrieved 2 February 2019.
  13. ^ Staff (6 September 2017). "Buzzi Unicem announces purchase of 50% stake in Ecotrade". Global Cement. Surrey, England: Pro Global Media Ltd. Retrieved 2 February 2019.
  14. ^ Staff (29 June 2017). "Cyberattack on Buzzi Unicem could delay financial reporting". Global Cement. Surrey, England: Pro Global Media Ltd. Retrieved 2 February 2019.

External links

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Casale Monferrato

Casale Monferrato (Italian pronunciation: [kaˈzaːle moɱferˈraːto; -ˈsaːl-]) is a town in the Piedmont region in Italy, in the province of Alessandria. It is situated about 60 km (37 mi) east of Turin on the right bank of the Po, where the river runs at the foot of the Montferrat hills. Beyond the river lies the vast plain of the Po valley.

Since it became a Roman municipium the town has been the most important center of the zone. After a spell of decline, due to the fall of the Roman Empire and the barbaric invasion, Casale became a free municipality and from the 15th century to the 16th century was the capital of the Palaiologos. Then the Gonzaga got hold of the town and built one of the biggest and most important citadel of Europe. In the 17th century and the 18th century was besieged by both the Spanish and French armies, interested in its strategical position; during Italian unification Casale has been one of the defensive bulwarks against the Austrian Empire. Today Casale, in the middle of the industrial triangle Turin-Milan-Genoa, is an important industrial center, known for the production of cement and the closed factory Eternit, that produced the homonymous material, very dangerous due to the presence of asbestos. Thousands of inhabitants of Casale have died from mesothelioma, a fatal disease caused by the breathing of asbestos. In 2012, former executives and Eternit shareholders Stephan Schmidheiny and Louis de Cartier were ordered to pay $32.5 million to the town of Casale Monferrato after being convicted of involuntary manslaughter for exposing workers and townspeople to asbestos.

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The north-flowing Vermilion River and the south-flowing Middle Fork Vermilion River run on what is close to a straight line between Oglesby and Danville. In presettlement times, the two rivers drained an upland marsh near Roberts. It is possible that early settlers regarded these as a single river that flowed in two directions. It is also possible that, in early settlement times, these rivers formed a canoe route between the Illinois River and Wabash River, with a portage through the marshes near Roberts. This may explain why the two rivers have the same name.

The north-flowing Vermilion flows in a northerly direction from its origin in Livingston and Ford counties in north central Illinois, eventually emptying into the Illinois River, near Oglesby. Perhaps it is best known for its stretch of whitewater between Lowell and Oglesby, Illinois, which is one of few found in Illinois.

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