Annual Report 2007 Page 26 Military History Museum Dresden Consumption
Total Page：16
File Type：pdf, Size：1020Kb
page 10 “high speed / high capacity” project consumption: 3,450,000 m³ country: italy page 26 military history museum dresden consumption: 1,500 m³ country: germany page 38 securing well holes consumption: 300 m³ country: russia page 48 highway zaragoza – texcoco consumption: 15,000 m³ country: mexico page 58 the taum sauk plant water reservoir consumption: 2,300,000 m³ country: usa annual report 2007 ➝ the group at a glance contents Letter to the Shareholders 2 The new corporate identity 4 group profile 7 Directors and Statutory Auditors 8 Highlights by Country 14 Shares and Shareholders 18 review of operations 21 Business review 22 Human resources 62 Research and developement 43 Ecology, environment and safety 64 Risk management 65 Outlook 66 financial information 69 Consolidated Financial Statements 70 Notes to the Consolidated Financial Statements 74 Appendixes 137 Certification of consolidated financial statements 147 Auditors’ report 148 Key figures 2000 2001 2002 2003 2004 1 2005 2006 2007 Cement sales t/000 12,607 13,131 13,662 14,196 31,936 32,245 33,320 34,067 Concret sales mc /000 8,186 8,585 8,948 9,850 15,241 15,649 16,542 17,096 Aggregate sales t/000 6,560 5,909 5,427 5,939 7,873 7,794 9,442.0 13,688 Sales revenue €m 1,334.1 1,446.5 1,478.7 1,461.6 2,771.6 2,951.4 3,205.0 3,496.1 Capital expenditures €m 160.0 124.9 81.2 102.1 203.9 243.1 254.0 527.4 Headcount at year end no. 3,842 3,869 3,797 3,828 11,836 11,805 11,054 11,520 1 first time Dyckerhoff consolidation Sales Revenue by Line of Business Sales Revenue by Region (in %) (in %) 7 6 2 8 5 9 4 10 2007 1 2007 3 1 2 1 Cement and clinker 64 1 Italy 27 2 Ready-mix concrete/aggregates 36 2 usa 24 3 Germany 15 4 Czech Republic and Slovakia 6 5 Mexico 6 6 Russia 6 7 Ukraine 5 8 Poland 4 9 Netherlands 4 10 Luxembourg 3 Sales Revenue Capital Expenditures (millions of eur) (millions of eur) 2000 1,334.1 2000 160.0 2001 1,446.5 2001 124.9 2002 1,478.7 2002 81.2 2003 1,461.6 2003 102.1 2004 2,771.6 2004 203.9 2005 2,951.4 2005 243.1 2006 3,205.0 2006 254.0 2007 3,496.1 2007 527.4 ➝ the group at a glance International presence russia usa netherlands germany poland ukraine luxembourg czech republic slovakia mexico italy italy Buzzi Unicem, Unical, Cementi Moccia (50 %), Laterlite (33 %), Addiment Italia (50 %) germany Dyckerhoff, Deuna Zement, Dyckerhoff Beton, Dyckerhoff Transportbeton luxembourg cimalux netherlands Dyckerhoff Basal Nederland poland Dyckerhoff Polska czech republic and slovakia Cement Hranice, zapa beton ukraine Volyn-Cement, Yugcement, Dyckerhoff Ukraina russia Sucholoshskzement usa Buzzi Unicem usa, Alamo Cement, Kosmos Cement (25%) mexico Corporación Moctezuma (50 %) Operating structure ita ger lux nld pol cze/svk ukr rus usa mex1 Total Cement plants no. 13 7 2 – 1 1 2 1 11 2 40 of which grinding no. 1 2 1 – – – – – 1 – 5 Cement capacity Mio t /yr 10.4 7.0 1.0 – 1.6 1.1 3.0 2.4 10.0 5.0 41.5 Ready-mix concrete plants no. 184 102 – 17 30 77 6 – 60 44 520 Aggregate quarries no. 20 – – 2 – 9 – – 4 1 36 Terminals no. 7 – – – 2 – 3 – 29 – 41 ita / Italy, ger / Germany, lux / Luxembourg, nld / Netherlands, pol / Poland, cze / Czech Republic, svk / Slovakia, ukr /Ukraine, rus / Russia, usa / United States of America, mex / Mexico 1 figures at 100% Buzzi Unicem is an international multiregional, “heavy-side“ group, focused on cement, ready-mix concrete and aggregates. The com- pany‘s dedicated management has long-term view of the business and commitment towards profile group a sustainable development supported by high quality and environmentally friendly assets. Buzzi Unicem pursues value creation through review operations of lasting, experienced know-how and operating efficiency. financial information vision 2 letter to the shareholders Dear Shareholders It is a pleasure for me to meet You again here, continuing with the approach initiated last year – our Centenary year. The series of events organised for the Centenary – in 2007 – at our home base and in all the Italian plants, together with the trips to South Africa with our customers and to America & Mexico with our employees with over 30 years of ten- ure, meant a not indifferent effort. They nevertheless were all gradually completed with great involvement and, I would say, across-the-board satisfaction. The purpose of all this was both to recall the past to reinvigorate our future drive and, even more so, to unite the various components of our group – Buzzi, Unicem, and Dyckerhoff – all over a hun- dred years old but with different histories, spirit, and operating habits. It was certainly a major step forward. Today we have another important initiative underway, on which our Chief Executives are very keen indeed, i.e. to consolidate a strong and shared group identity. In my 2007 letter, I said that “Buzzi Unicem wants to increase its size gradually and still maintain ‘direct control’ of operations and resources as it moves through each stage of growth. In other words, we do not want our growth to harm the ability of the group’s management team to control company life and to communicate a corporate spirit that is based on efficiency and on an intense exchange of knowledge”. And it is indeed in this perspective that the new group identity should be viewed. Growth requires greater strength – and for us greater strenght means the ability to enhance control and to convey our distinctive corporate spirit. The campaign has therefore started to unify the logo and at the same time harmonise the typeface in the trademarks of our various subsidiaries. The pictogram will be the classic “U” with the Buzzi name in the cen- tre (in the heart, as i say by mean of joke, ... but not so much) and it will be the same for all subsidiaries. In the logo – consisting of the “pictogram + company name” combination – each company will maintain its own name: an important feature that I want to underline. Nevertheless, in the quest for the greatest possible uniformity, each company’s name will be shown using the same font. And the font we have chosen is the present, attractive font of the Dyckerhoff trademark. This is a delicate move that touches strongly rooted corporate sensibilities. It has therefore been addressed skilfully and professionally. I very much hope that all our employees, cus- tomers, and stakeholders understand it in the right way and support it. The right way is the fact of working under the same flag, even although preserving, in all our companies, the original name, i.e. the traditions and specifics distinguishing those companies in the var- ious regions of the world. A year ago, I mentioned our commitment concerning two new production lines under con- struction, in the usa and Russia. In reality, this was just the start of a far wider commitment, letter to the shareholders 3 group profile group “The targets reached in the last two years give us the boost to realize the next five year growth projects.“ review operations of which – in the frame of five years – will cause us to invest some € 1.5 billion in internal growth. This means investing in 6 new, extremely modern production lines (3 in Eastern Europe, 2 in the usa, and 1 in Mexico), of which 2 greenfield projects. It also means investing in some major grinding facilities, with an increase in annual capacity of 10-11 mil- lion tonnes. It will be followed by the closure of some minor lines, now obsolete. financial information All this is now easier to be achieved, starting from the contribution provided by the out- standing 2007 results: – 34 million tonnes of cement sold in 12 countries – 17 million cubic metres of concrete produced in 10 countries – Sales of some € 3,500 million – ebitda of € 1,046 million – Net profit of € 537 million. Numbers that surge beyond those of 2006, giving some idea, albeit faint, of the hard work needed to achieve them. Even more so, they give us the boost necessary – together with the launch of the new corporate identity – to accomplish our challenging 5-year program. It will be our pleasure and duty to keep you informed about the future progress of it. alessandro buzzi chairman 4 the new corporate identity During the year 2008 Buzzi Unicem wishes to achieve an important goal: create a univocal group identity by adopting a shared logo as a distinctive sign for all the companies. The international re-branding process has officially kicked The U acquires the new meaning of union strengthened by off with the Dyckerhoff ag Annual Report publication. the 1, of which the shape can be perceived in the picto- The new logo brings together the concepts of tradition and gram. Every company will keep its name thus enhancing firmness: generated by the union of the pictogram Buzzi its cultural value and will adopt the new logo as a stimu- Unicem and the historical Dyckerhoff lettering, it defines in lus to build a new shared identity. a simple but strong symbol the synergy amongst the group companies. the new corporate identity 5 italy – buzzi unicem spa group profile group italy netherlands usa czech republic review operations of usa poland financial information germany ukraine Dyckerhoff Ukraina luxembourg russia Sucholoshskcement Group Profile group profile group review operations of financial information contents Directors and Statutory Auditors 8 Highlights by Country 14 Shares and Shareholders 18 8 group profile directors and statutory auditors Board of Directors Onorato Castellino enrico buzzi We communicate the passing away, on 11 December 2007, vice chairman of Professor Onorato Castellino.