Italcementi
 | |
| Società per azioni | |
| Traded as | BIT: IT |
| Industry | Building materials |
| Founded | 1864 |
| Headquarters | Bergamo, Italy |
Key people | Giampiero Pesenti (Chairman), Carlo Pesenti (CEO) |
| Products | Cement, construction aggregate, ready-mix concrete |
| Revenue | €4.791 billion (2010)[1] |
| €353.8 million (2010)[1] | |
| Profit | €45.8 million (2010)[1] |
| Total assets | €10.02 billion (end 2010)[1] |
| Total equity | €4.986 billion (end 2010)[1] |
Number of employees | 20,760 (end 2010)[1] |
| Website | www.italcementigroup.com |
Italcementi is an Italian multinational company, quoted on the Borsa Italiana, which produces cement, ready-mix concrete and construction aggregates. It is the 5th largest cement producer in the world (after Lafarge, Holcim, Cemex and HeidelbergCement) and the biggest in the Mediterranean area.
History
1864: Foundation of Italcementi in Bergamo, Italy.
In 1992 it underwent internationalisation following the acquisition of Ciments Français, which made of it the largest cement producer of the world. Since 1998 it has further expanded through acquisitions of new cement works in Bulgaria, Kazakhstan, Thailand, Morocco, India, Egypt, Kuwait, and the United States.
The Italcementi Group is based in the town of Bergamo, in northern Italy.
Operating regions
Italcementi's global presence include the 22 countries of Albania, Belgium, Bulgaria, China, Canada, Cyprus, Egypt, France, Gambia, Greece, India, Italy, Kazakhstan, Kuwait, Morocco, Mauritania, Saudi Arabia, Spain, Sri Lanka, Thailand, Turkey and the United States.
Group businesses
It has a staff of more than 20,000 employees, of which 400 are engaged in technical support and research activities under the group company C.T.G SpA (CTG stands for 'Centro Tecnico di Gruppo). Italcementi's annual sales are over 6 billion euros.
Over 60% of its sales come from the cement sector which is combined with the production of ready-mixed concrete and aggregates.
It boasts of a global network including 62 cement plants (cement + clinker 54 MT), 12 grinding centers, 4 terminals (one of which is also a grinding center), 570 concrete batching units (20.8 million cubic metres) and 152 quarries aggregate quarries (56.7 MT)
Italcementi is controlled by Italmobiliare, based in Milan and quoted on the Borsa Italiana. The whole group has been controlled by the Italian Pesenti family since its foundation in 1864.