Today we have a global presence, speaking 18 languages and embracing diversity as a core value. However, our story started in 1947 in Italy
1947
Cementir (Cementerie del Tirreno) was incorporated in Italy
The Company was incorporated in Italy under the name Cementir – Cementerie del Tirreno. It was incorporated in 1947 by IRI – Istituto per la Ricostruzione Industriale – with the aim of utilizing blast furnace slag, industrial waste from steel plants.
1952
First cement plant in Bagnoli
The first cement plant is inaugurated in Bagnoli, nearby Italsider (ex ILVA) steel plant.
Benefiting from the economic miracle that Italy experienced in the 1950s and 1960s,Cementir widens its operating perimeter through a number of acquisitions and investments in new plants: Livorno, Arquata Scrivia, Napoli, Taranto, Maddaloni and Spoleto.
1955
Listing on the Stock Exchange
Cementir shares were listed on the Milan Stock Exchange.
1992
In 1992, as one the first Italian privatizations, IRI sells its controlling stake in Cementir to the Caltagirone Group in a competitive auction. With the new ownership, an organizational and production restructuring phase opens, before starting the international expansion.
1996
Francesco Caltagirone jr is appointed Chairman of the Company.
2001
The acquisition of Çimentaş in Türkiye
Çimentaş is one of the main cement and ready-mix producers in Türkiye. Quoted on the Istanbul Stock exchange, the company operates today four cement plants with annual cement capacity of 5.4 million ton. In 2001, when Cementir bought its controlling stake, Çimentaş was operating two cement plants, Izmir and Kars.
2004
Acquisition of the Danish group Aalborg Portland and Unicon
Cementir acquired 100% of Aalborg Portland A/S (cement and aggregates) and Unicon A/S (concrete) in 2004 through a competitive process. This acquisition was perhaps the most impactful on the Cementir business due to its size and business portfolio. With this transaction the Group became the global white cement leadership, with plants in Aalborg (Denmark), Anqing (China), El Arish (Egypt), Ipoh (Malaysia) and a minority stake in Lehigh White Cement (USA). With Aalborg Portland and Unicon, Cementir becamealso the leading ready-mix player in Scandinavia and the leading cement player in Denmark, leveraging the worldwide known brands of Aalborg White® and Aalborg Portland.
2005
Acquisition of Vianini Pipe in the United States
In June 2005 Cementir acquired the US company Vianini Pipe Inc., active in the production of precast concrete products based in New Jersey.
2005-2006
In these years the Turkish subsidiary Çimentaş, which operated only two plants in Izmir and Kars, acquired two further cement plants in Trakya (Edirne) and Elazığ (Anatolia) and, following a vertically integrated model, expanded the concrete plants network of its subsidiary Cimbeton, also listed on the Istanbul Stock Exchange.
1 January 2008
The new corporate structure of Cementir
The company changed its corporate name from Cementir-Cementerie del Tirreno to Cementir Holding S.p.A and transferred the industrial company branch including the Italian activities to Cementir Italia Srl.
2008
Acquisition of Kudsk & Dahl in Denmark
In March 2008 Cementir expanded its presence in Denmark with the acquisition of the company Kudsk & Dahl operating in the aggregate sector in the southern part of the country.
2009 -2012
Alternative fuels from waste in Türkiye
With the aim of increasing the commitment to sustainability, Çimentaş acquired Sureko, a company operating an industrial waste treatment and a landfill located in the Kula region (Manisa).
In 2011, the Group through the newly incorporated subsidiary, Recydia, entered the business of alternative waste-derived fuels (SRF/RDF) by acquiring the 25-year concession for a part of Istanbul urban waste treatment and building of a state-of-the-art production plant in Kӧmurcuoda, In 2012 Recydia acquired Neales Waste Management Ltd, a company founded in 1991 in Lancashire (United Kingdom) and active in the collection, treatment and disposal of urban and industrial waste in the Manchester area. Subsequently, the company invested in a new waste processing plant to produce waste-derived fuels, to supply the Aalborg plant in Denmark.
2015
Acquisition of the Sacci group in Italy
In 2015 Cementir acquired the Sacci group, operating four cement plants in Cagnano (Abruzzo), Tavernola (Lombardy), Testi (Tuscany) and Castelraimondo (Marche), as well as some concrete plants in Central Italy.
2016
Acquisition of CCB in Belgium
In 2016 Cementir Holding acquired Compagnie des Ciments Belges (CCB) in a competitive auction. As a primary producer and distributor of cement, aggregates and ready-mix in the Benelux and France, with 2.3 million ton of cement capacity, the Gaurain plant is amongst the most modern and efficient in Belgium. CCB also operates a network of ready-mix plants in both Belgium and Northern France ed is among the top players in Belgium where it operates both directly and through its subsidiary SCT, in partnership with Lafarge Holcim.
CCB acquisition brought also the property of the Berry quarry, one of the largest limestone quarries in Europe with over 500 million tons of reserves. With this transaction cementir further diversifies its business portfolio by adding a significant presence in the aggregates business.
2018
Disposal of the Italian business
2018 marked the exit from the historical Italian cement and ready-mix business, where everything started. Cementir Italia Spa was sold to HeidelbergCement group
With this transaction the Group ceased its manufacturing presence in Italy, where it kept its headquarter and Trading activity.
2018
Majority acquisition of LWCC in the United States
In 2018 Cementir acquired the control (63.25%) of Lehigh White Cement, leader in the white cement market in the US, which was already an associate, operating two manufacturing plants in York (PA) and Waco (TX), besides 42 terminals across the US for the import and distribution of white cement under the “Lehigh White” brand.
2019
Transfer of the Registered Office to Amsterdam (The Netherlands)
On 5 October 2019 Cementir Holding transferred its registered office to Amsterdam, The Netherlands, adopting the legal form of a Naamloze Vennootschap (N.V.) regulated by Dutch law with the name Cementir Holding N.V.
The Company continues to be listed on the Italian Stock Exchange and to have its fiscal residence in Italy.
2021
Acquisition of Ege Kirmatas in Türkiye
In November 2021, through its subsidiary Cimentas AS, the Group acquired 100% of the share capital of Ege Kirmatas AS, a Turkish company operating in the aggregates sector. This acquisition marked Cimentas entry into the aggregate business with key assets including the Torbali quarry near Izmir, which holds over 600 million tons of aggregate reserves.
2023
Acquisition of Casa Bayan in Malaysia
In October 2023, Cementir acquired Casa Bayan Sdn Bhd, a company that owns a quarry in Malaysia. Via this acquisition, we extended the Malaysian plant limestone reserves by over 60%.
2023
Exit from waste operations in the United Kingdom
In November 2023, the Group, through its subsidiary Recydia AS, sold its entire stake in NWM Holding Limited to Opes MRF 2013 Limited, one of the UK's leading waste management companies, thereby exiting its waste business operations in the UK.
2024
Acquisition of concrete assets in Denmark
In 2024, Cementir acquired a ready-mixed concrete plant and a minority stake of a second plant in Denmark, further strengthening its presence in the region.
2024
Acquisition of additional stake in Sinai White Portland Cement in Egypt
In 2024, Cementir acquired an additional 25.40% stake in its Egyptian subsidiary, Sinai White Portland Cement Co. (SWCC), increasing its indirect ownership to 96.5%. SWCC operates one of the largest white cement plants in the Mediterranean, with an annual capacity of 1.1 million tons. This investment reinforces Cementir strategic presence in the white cement market in Egypt.