Buzzi Unicem’s plant transfer deal with W&P Cementi

Italiam cement firm 1451 Buzzi Unicem has transferred its plant located in Cadola to a subsidiary of Austrian company Wietersdorfer (W&P Cementi).

Under the transfer agreement Wietersdorfer also has the option to acquire, within five years, Buzzi Unicem’s Travesio, Italy cement plant for around €22 million.

At the same time, Buzzi Unicem has purchased a 25% interest in the share capital of W&P Cementi and Salonit Anhovo Gradbeni Materiali (Slovenia), both subsidiaries of Wietersdorfer, for around €22 million.

Currently W&P Cementi owns a grinding facility in San Vito al Tagliamento, Italy with an annual production capacity of 0.3 million tonnes, while Salonit Anhovo Gradbeni Materiali operates a full cycle cement plant in Slovenia, recently refurbished and with an annual production capacity of about 1.3 million tonnes.