Buzzi cements new legacy with majority stake acquisition in Gulf Cement

Buzzi, through its subsidiary TC Mena Holdings Ltd, has recently stepped into the Middle East market through the acquisition of a majority stake in Gulf Cement Company PSC, a publicly listed company on the Abu Dhabi Securities Exchange based in Ras Al Khaimah, UAE.

“The integration of Gulf Cement marks an important step in Buzzi’s strategy to expand its presence in a market with interesting growth potential,” said Pietro Buzzi, CEO of Buzzi SpA.

Buzzi has been a strong advocate for sustainability and carbon reduction in cement production, and it plans on leveraging innovation and technology to accelerate its transition toward low-carbon and energy-efficient operations, particularly in the Middle East.

“With an annual production capacity of approximately 2.4 million tons. Gulf Cement represents a strategic fit to Buzzi’s long-term strategy, thanks to its location, export capabilities and high-quality products,” Buzzi added.

José B. Sena, CEO of Gulf Cement Company PSC, said, the move will help the company boost capacity and give it an edge. “With Gulf Cement, now part of the company, we are integrating advanced production technologies and operational efficiencies to enhance both local capacity and export competitiveness.

The synergy between highly skilled teams and Buzzi’s technological know-how will be crucial to achieve these objectives in the shortest possible time,” he added.

The UAE represents a crucial hub for cement exports globally, said Sena. “We are strengthening our domestic commercial presence, improving cost efficiency, and increasing the clinker-to-cement conversion rate, while exploring opportunities to collaborate with Buzzi’s operations in the USA and build a solid export-import network.

All these initiatives align with our long-term vision of sustainable growth. Today marks another step forward in continuing our journey together.”