Alpacem takes over cement plant in Italy and expands strategic partnership
The two cement manufacturers Alpacem and Buzzi are further deepening their long-standing strategic partnership in the Alpe-Adria region: Alpacem subsidiary w&p Cementi SpA is taking over the Fanna cement plant in the Italian region of Friuli-Venezia Giulia near Pordenone, which formerly belonged to Buzzi SpA. As part of this transaction, Buzzi SpA subscribes to a capital increase in order to acquire a 25% stake in the Austrian Alpacem Zement Austria GmbH (formerly w&p Zement GmbH). However, the agreement reached for this purpose at the beginning of August will not come into effect until after the antitrust review, which is expected to be completed in 2024. Until then, the Fanna cement plant will continue to operate under the name Buzzi Unicem Srl.
The two companies are thus extending their successful strategic partnership, which has existed in Italy and Slovenia since 2014, to Austria. Buzzi SpA currently already holds 25% of the shares in each of the two Alpacem subsidiaries Salonit Anhovo d.d. in Slovenia and w&p Cementi SpA in Italy. With the acquisition of the Fanna cement plant, Alpacem is consolidating its market position in the Alpe-Adria region. Within the Alpacem Group, the Fanna cement plant is now the third fully integrated plant in addition to the plants in Wietersdorf, Austria, and Anhovo, Slovenia.
The two companies intend to utilize synergy effects from the agreement that has now been concluded, particularly in the implementation of CO2-neutral production.
The Fanna cement plant is located in the Italian region of Friuli-Venezia Giulia near Pordenone. It was built in 1974 and modernized in 2003/2004. The annual clinker capacity is 660000 t. The raw materials for cement production are obtained from the three quarries belonging to the plant.
