Anhovo, 21 August (STA) - Shareholders of Alpacem Cement, formerly called Salonit Anhovo, approved the management board's proposal to pay out around EUR 20 million in dividends from the EUR 63.9 million in distributable profit for 2023. The company made EUR 30.6 million in net profit in 2023, up 29% from the year before.
Dividends of EUR 22.7 per share will be paid out by 28 August, the company wrote in a press release. Alpacem is owned by Austria's Wietersdorfer Alpacem, which has a nearly three-quarters share, and the Italian firm Buzzi.
Alpacem management board member Dejan Zwitter described the results as exceptionally good, adding the company made 40% of its revenue on foreign markets.
The future of the cement plant is uncertain because of new legislation on protection of the environment. The changes to the Environmental Protection Act put at risk the group's 900 employees and the company's planned investments, Alpacem wrote in the press release.
The company aims to achieve carbon-neutral production of cement by 2035, said supervisory board member Peter Gašperšič, adding that it has reduced the carbon footprint of cement by 15% since 2007 and decreased the concentration of nitrogen oxides in emissions by 30%.
