Group Profile

phpepENFg

Home > Cementir Holding > Group Profile

Fact sheet downloadpdf

Cementir Holding is an Italian multinational company that produces and distributes grey and white cement, ready-mix concrete, aggregates and concrete products. Cementir Holding is part of Caltagirone Group and has been listed on the Italian Stock Exchange (Borsa Italiana) since 1955, currently in the STAR segment.
Through its subsidiaries Aalborg Portland, Cimentas and Cementir Italia, Cementir Holding operates in 16 countries across 5 continents; sales volumes in 2015 totalled 9.4 million tons of cement, 3.7 million m3 of ready-mix concrete and 3.8 million tons of aggregates.

Cementir Holding is the largest manufacturer and exporter of white cement in the world. It operates production sites in Denmark, Egypt, China, Malaysia and the United States, for a total production capacity of 3.3 million tons, with cement manufactured shipped to over 60 countries throughout the world.
Through its subsidiary Sinai White Cement, Cementir Holding operates the largest white cement production plant in the world, located in El-Arish, Egypt.

Cementir Group is the sole manufacturer of cement in Denmark, the 4th biggest manufacturer in Italy and among the top manufacturer in Turkey; in Scandinavia it is the leading manufacturer of ready-mix concrete.

Since 2009, Cementir Holding has also operated in the municipal and industrial waste management and renewable energy sector in Turkey and England through its subsidiary Recydia.

14 Cement production plants of which 4 in Italy, 4 in Turkey, 1 in Denmark, 1 in Egypt, 2 in the USA (in jv with Heidelberg and Cemex), 1 in China and 1 in Malaysia

15.1 (million tons) Cement production capacity

2 State-of-the-art research and development centres in Italy and in Denmark and 1 laboratory in Turkey

27 Terminals

113 Ready-mix concrete plants of which 16 in Italy, 83 in Scandinavia and 14 in Turkey

1 Cement products plant in the US

3 Waste management plants of which 2 in Turkey and 1 in England

In 2015 Cementir Holding reached revenue from sales of EUR 969.0 million, Ebitda of EUR 194.0 million and Group net profit of EUR 67.5 million.

Strategy


Since 2001 Cementir Holding pursued a geographic diversification strategy by investing over EUR 1,1 billion. The most important acquisitions were:

• Cimentas AS (cement and ready-mix concrete) in Turkey in 2001

• Aalborg Portland AS (white and grey cement) and Unicon AS (ready-mix concrete) in Denmark in 2004

• Edirne cement plant in Turkey and 4K Beton (ready-mix concrete) in Denmark in 2005

• Elazig cement plant in Turkey in 2006

• Kudsk & Dahl (aggregates and ready-mix concrete) in Denmark in 2008

• Sureko AS (industrial waste management and production of alternative fuels) in Turkey in 2009

• Recydia (waste management and renewables) in Turkey in 2011

• NWM Holdings Ltd (collection, treatment, recycling and disposal waste) in England in 2012

As a consequence of both the above deals and the growth dynamics of each country, from a local player Cementir Holding has become an international cement player which derives approximately 10% of its revenues from Italy and has operations around the world.

Future strategy is to combine both organic and external growth, striking the right balance between mature markets and emerging markets presence and maintaining an adequate return on capital employed.