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Last update: 29 Mar, 2024 
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What does italcementi company do? 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.When did italcementi become the largest cement producer? In the fifties, Italcementi provided the cement for the construction of the Pirelli Tower. In 1992 it underwent internationalisation following the acquisition of Ciments Français, which made it the largest cement producer of the world.Who is the second largest shareholder of italcementi? As a trade-off, the Pesenti family gets 5% of the newly formed group, making them the second largest shareholders after the Merckle family In May 2016, the European commission approved the deal. The acquisition led to 400 lay-offs of Italcementi employees in Italy.