Italcementi CEO Carlo Pesenti unveils part of the company's strategic plan that will be presented to investors in September.

Italian cement group Italcementi CEO Carlo Pesenti has unveiled part of the company's strategic plan that will be presented to investors in September 2010, but as for the proposed merger with its subsidiary Ciments Français he said that cannot be finalised yet.

The company is aiming to reduce costs by €100 million while increasing investments (€620 million compared to €700 million in 2009) and optimising the currents assets.

Pesenti said that the company will also reduce the number of factories in Italy by 2013, but there will not be huge effects on employment as they will be the smaller factories. Italcementi will also carry out two redevelopments in northern Italy and one in the south.