bit it industry building materials founded 1864 ; 152 years ago 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 operating income 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 world locations of italcimenti group italcementi is an italian multinational company quoted on the borsa italiana which produces cement ready mix concrete and construction aggregates . in 2015 45 % of italcementi was acquired by heidelbergcement together forming the world s second largest cement producer . contents 1 history 2 activity 3 see also 4 references 5 external links history edit italcementi was founded in 1846 in scanzo near bergamo italy as the societ bergamasca per la fabbricazione del cemento e della calce idraulica bergamo company for the production of cement and hydraulic lime . the company produced a new grade of cement the scanzo cement that grew in popularity and was used in various projects such as the 16 arches bridge above the adda river the venezia santa lucia railway station and the suez canal underwater concrete . 2 in the early 1920s the company merged with the construction group owned by the pesenti family forming a 12 plant and 1500 employee group producing 200 tons of cement annually . in 1925 it was introduced on the italian stock exchange . the company became italcementi in 1927 . in the fifties italcementi provided the cement for the construction of the pirelli tower . 2 3 in 1992 it underwent internationalisation following the acquisition of ciments fran ais which made 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 . in 2010 ciments fran ais bought its obligations back from its us creditors to pave the way for a merger with its parent company italcementi merger that had previously faced a strong opposition from the aforementionned us stakeholders . 4 in june 2014 italcementi already an 83 % shareholder in ciments fran ais launched a bid to buy the remaining 17 % . by the end of the takeover bid in july 2014 italcementi reached 97 73 % participation in ciments fran ais and remained confident it would reach the 100 % threshold 5 6 7 during the world expo in shanghai in 2010 italcementi introduced the first transparent cement trademarked as i.light using thermoplastic polymer resin inserted in the special cement mixture . 8 in 2007 italcementi introduced a new cement that retains smog with enhanced titanium dioxyde . 9 in 2015 italcementi introduced a smog purifying biodynamic cement with photocatalytic properties it converts polluants contained in the outside air into inert salts . 10 in july 2015 german construction group heidelbergcement world s 4th cement producer agreed to buy a 45 % stake in italcementi world s 5th cement producer for 1.85 billion from the pesenti family through the family s holding group italmobiliare thus creating the world s 2nd largest cement producer . as a trade off the pesenti family gets 5 % of the newly formed group making them the second largest shareholders after the merckle family 11 12 in may 2016 the european commission approved the deal . 13 the acquisition led to 400 lay offs of italcementi employees in italy . 14 the deal was announced a week after lafarge merged with holcim and amid rumors that dangote cement was eyeing an acquisition of italcementi . 15 activity edit the italcementi group is based in the town of bergamo in northern italy . 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 . italcementi is implemented in 22 countries 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 . 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 clarification needed 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 clarification needed 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 it since its foundation in 1864 . see also edit italy portal companies portal list of italian companies references edit a b c d e f annual report 2010 pdf . italcementi . retrieved 18 november 2011 . a b italcementi group history . italcementigroup.com . retrieved 2016 06 16 . italcementi group at a glance . italcementigroup.com . retrieved 2016 06 16 . jean guillaume brasseur 9 april 2010 . ciments fran ais pourrait fusionner avec italcementi . lefigaro.fr in french . retrieved 2016 06 16 . francesca landini 6 march 2014 . update 1 italcementi to launch 450 mln euro rights issue . reuters.com . retrieved 2016 06 16 . francesca landini 21 june 2014 . italcementi s bid on ciments francais to start on june 13 . reuters.com . retrieved 2016 06 16 . italcementi crosses ownership threshold for ciments fran ais squeeze out . globalcement.com . 4 july 2014 . retrieved 2016 06 16 . ben coxworth 4 january 2011 . italian firm creates transparent cement . gizmag.com . retrieved 2016 06 16 . lia miller 9 december 2007 . smot eating cement . nytimes.com . retrieved 2016 06 15 . somluck srimalee 22 april 2016 . italcementi committed to serve green building market . nationmultimedia.com . retrieved 2016 06 16 . shayndi raice ; eyk henning ; eric sylvers 28 july 2015 . heidelbergcement agrees to buy 45 % stake in italcementi . wsj.com . retrieved 2016 06 16 . arash massoudi ; rachel sanderson 28 july 2015 . heidelbergcement takes over italcementi . ft.com . retrieved 2016 06 16 . mergers commission approves acquisition of building materials group italcementi by heidelbergcement subject to conditions . europa.eu . 26 may 2016 . retrieved 2016 06 16 . heidelbergcement to cut around 400 jobs at italcementi . reuters.com . 5 april 2016 . retrieved 2016 06 16 . heidelbergcement rushed to buy italcementi given rival interest sources . reuters.com . 31 july 2015 . retrieved 2016 06 16 . external links edit official website retrieved from https en.wikipedia.org w index.php title italcementi & oldid 741793680 categories companies listed on the borsa italianacement companiescement companies of italycompanies based in bergamocompanies established in 18641864 establishments in italymultinational companies headquartered in italyconglomerate companies of italyitalian brandshidden categories cs1 french language sources fr wikipedia articles needing clarification from november 2015interlanguage link template link number navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version in other projects wikimedia commons languages deutschespa olfran aisitaliano portugu s t rk e edit links this page was last modified on 29 september 2016 at 18 23 . text is available under the 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