Cement News tagged under: Eastern Europe
Heidelberg Materials divests its joint venture in Georgia26 April 2023, Published under Cement NewsHeidelberg Materials has completed the divestment of its joint venture in Georgia. The company previously held a 45 per cent stake in CaucasusCement Holding BV, the parent company of HeidelbergCement Georgia Ltd and Terjola Quarry Ltd. Heidelberg Materials sold its share to its long-term joint venture partner Cement Invest BV, an investment company jointly managed and owned by the Georgian Co-Investment Fund and Hunnewell Partners. The joint venture’s scope included two integrated cem... |
IKN progresses Małogoszcz clinker cooler installation20 April 2023, Published under Cement NewsIKN is installing a new clinker cooler at Holcim 's Małogoszcz cement plant, Poland. The new modern production line with a capacity of 3700tpd of clinker is being built next to three old lines, which are planned to be taken out of operation later. The integration of alternative fuels aims to reduce the plant’s CO 2 emissions by 20 per cent and its energy consumption by 33 per cent. With this new sustainable production line, Malogoszcz will become one of the most ecological cement plants... |
Steppe Cement sees volumes fall 24% in 1Q2314 April 2023, Published under Cement NewsKazakhstan-based Steppe Cement has reported sales of KZT4.94bn (US$10.96m) in the opening quarter of 2023, compared to KZT6.3bn in the same period a year earlier, representing a 21 per cent YoY decline. According to the Morning Star, in terms of cement volumes, over the same period sales fell from 281,968t to 214,832t, down 24 per cent YoY. The company’s market share has also slipped from 14 to 13 per cent. Cement demand in Kazakhstan is expected to come in at around 10-10.5Mt in 2023, ... |
Akmenes Cementas to import SRF to replace coal20 March 2023, Published under Cement NewsLithuania-based Akmenes Cementas plans to import up to 200,000t of solid recovered fuel (SRF) each year, replacing its use of coal. According to the Baltic Business Daily, the company currently uses around 130,000t of coal each year. By 2024 SRF will replace 75 per cent of the coal, rising to 90 per cent by the end of 2027. Akmenes Cementas is reportedly in the process of installing specialist equipment for the handling and burning of the SRF, which will arrive via the port of Klaipeda... |
Holcim acquires Polish recast concrete producer17 March 2023, Published under Cement NewsHolcim has acquired HM Factory, a provider of precast concrete solutions with net sales of CHF18m. Its solutions cover a wide variety of needs, such as walls, staircases and balconies. HM Factory is ideally positioned to capitalise on growth in industrial and residential construction. The company supplies Polish construction projects as well as exporting to Scandinavian markets. Miljan Gutovic, region head Europe: “HM Factory is a perfect complement to our existing operations, offering ... |
Nexe plans EUR400m decarbonisation investment15 March 2023, Published under Cement NewsCroatia-based Nexe announced a EUR400m project to construct a new carbon-neutral clinker production line at its Našice cement plant. The project will also enable the transportation and storage of 700,000t of CO2 at Bockovci-1, and creates opportunities for revenue generation. Nexe will seek financing from the EU’s Innovation fund. It has already signed an agreement with thyssenkrupp Industrial Solutions to design and build the new production line. The new line is scheduled to enter ope... |
Uzbekistan produced 15Mt of cement in 202207 March 2023, Published under Cement NewsUzbekistan produced 14.6Mt of cement in 2022, reports UzDaily, giving a per capita production figure for the year of 415kg. This compares to 1770kg in Turkey, 519kg in China and 280kg in the USA. According to the Institute for Forecasting and Macroeconomic Research (IPMI), the volume of construction work in Uzbekistan between 2017-22 advanced by 71.5 per cent. Cement production over the same timeframe improved by 69.3 per cent with the country’s total cement production capacity comi... |
Kyrgyzstan production up 7% in 202224 February 2023, Published under Cement NewsThe Kyrgyz cement industry produced 2.666Mt of cement in 2022, according to the Eurasian Economic Commission. This represents a YoY increase of 7.1 per cent. Kazakhstan’s cement output reached 12.088Mt while in Russia cement plants produced 60.667Mt. Armenia’s cement output was over 1Mt, up by 17.7 per cent YoY. |
Eurocement becomes Cemros22 February 2023, Published under Cement NewsEurocement has changed its name to Cemros. The rebranding is aimed at renewing the company on a new stage of development since its acquisition by Smikom in 2021 for around US$2.2bn, following an auction held by Sberbank. An internal staff competition was held to find a new company name before a vote from a shortlist. Cemros invokes the words ‘cement’ and ‘Russia’ and was suggested by Eurocement employees, Evgeny Lukanovsky, Alexey Lotarev and Igor Efimov. |
Akçansa Çimento reports increase in revenue and profit21 February 2023, Published under Cement NewsTurkey’s Akçansa Çimento has announced revenue of TRY8.9bn (US$471.7m) in 2022, compared to TRY2.87bn in the previous year. Net profit over the same timeframe has risen from TRY303.6m to TRY1.52bn, according to Reuters. |