Cement News tagged under: BaselCement-Pikalyovo
Russia: BaselCement’s Pikalyovo plant to modernise27 November 2014, Published under Cement NewsLeningrad region's BaselCement Pikalyovo plans to raise RUB8bn (EUR138.81m/US$173.16m) in loans to pay for modernisation. The funds will be spent to upgrade production to switch to a new cement-making process and reduce the cost of natural gas. Its railway transportation to the enterprise will be subsidised by the state. The approved amount of the subsidies totals RUB290bn in 2014. |
BaselCement unit appeals Eurocement’s claim, Russia25 May 2012, Published under Cement NewsBaselCement-Pikalyovo has filed an appeal against a decision by the Moscow Arbitration Court to raise a RUB111.2m for losses filed by Eurocement Group, according to local media reports. Eurocement Group was looking to increase the claimed amount in terms of non-received profits. The losses were incurred after BaselCement-Pikalyovo refused to supply nepheline slime to Eurocement group. On April 17, the Moscow Arbitration Court approved Eurocement’s claim. (Source: RIA Novosti’s agency) |
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