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Buzzi Unicem

Buzzi Unicem (BZU) is an Italian-domiciled, heavy-side cement group. It is the sixth largest global cement player in capacity terms (46 mn tons) and also focuses on ready-mix concrete (467 batch plants) and aggregates (24 quarries). In production terms, Buzzi is the 2nd largest in both Italy and Germany, 3rd in Czech Republic, 4th in the US and Ukraine, 6th in Poland and 8th in Russia. BZU also has a 50% stake in Corporacion Moctezuma, the 4th largest cement player in Mexico. Buzzi has a geographically concentrated business profile, with 76% of 2017 sales coming from three nations: the US (40%), Germany (21%) and Italy (14%). Russia (6.5%) and NeLux (6.7%) are the next biggest sales regions, followed by Czech Republic (5.3%), Poland (3.4%) and Ukraine (3.4%). BZU also generates a sizeable sales stream (€343 mn) from Mexico. The US has generated around two thirds of EBITDA in FY17. Buzzi has a public float (43.3% of issued share capital) but is family controlled, with 56.7% of ordinary shares held by Buzzi family members. 3 family members are on the Exco (Chairman, CFO and CEO) with 7 Non-Exec Directors. (28 Jun 2018)

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