Cement News tagged under: Russia
Sibirsky Cement anticipates 2015 sales decline20 November 2014, Published under Cement NewsRussian concrete producer Sibirsky Cement expects its sales to decrease by per cent YoY in 2015, First Vice President Gennady Rasskazov told reporters. “We are making budget plans for next year, but I think that it (sales) will stand at 4-4.1Mt,” Rasskazov said. In 2014, sales are expected to remain flat from the previous year and stand at around 4.3Mt, he said. |
Eurocement and Sinoma sign modernisation contracts13 November 2014, Published under Cement NewsEurocement Group and Sinoma International Engineering Co have signed an agreement for the modernisation of three plants at the Asia-Pacific Economic Cooperation (APEC) summit in Beijing. The contracts cover the construction of dry-process cement lines at the Kavkazcement, Belgorodsky Cement and Oskolcement plants in Russia. All the lines will have a clinker capacity of 6200tpa (3Mta) and each contract is worth US$$93.3m. Earlier in May, Eurocement signed six contracts to build new facto... |
Russian cement trade January-September 201422 October 2014, Published under Cement NewsAccording to the Federal Customs Service (FCS), Russia exported over 2Mt of cement worth US$155m in the first three quarters of 2014. Ukraine was the leader by shipments, with its share totalling 35 per cent. Kazakhstan's share reached 32 per cent and Belarus imported 21 per cent. Meanwhile, over 3.793Mt of cement were imported into Russia between January-September 2014. Belarus was the leader by shipments, with its share totalling 27 per cent. The shipments received from Belarus increased... |
Mikhailovcement Jan-Sept output up 20.2% YoY14 October 2014, Published under Cement NewsMikhailovcement, part of the Eurocement group, produced 1.21Mt of cement in January-September 2014, up 20.2 per cent on the comparative period of last year. The Mikhailovcement plant, situated in the Ryazan region, produced 281,350t of CEM I 42.5H (+65.6 per cent) and 981,620t of clinker (+17 per cent) during the period. A total of 1.234Mt were shipped to customers, up +21.1 per cent YoY. |
Belarus intends to increase exports to Russia08 October 2014, Published under Cement NewsBelarus intends to export more cement to Russia in the years ahead, according to Vice Prime Minister of Belarus Anatoly Kalinin At a meeting with Russia's leading producer Eurocement Group on 3 October 2014, Mr Kalinin remarked that work is in progress to implement the contractual obligations signed by the two parties, the press service of the Belarus government told BelTA. At the same time, these exports are about 30 per cent behind the adopted schedule. According to Mr Kalinin, the Be... |
Lafarge03 October 2014, Published under Cement NewsLafarge has agreed the sale of its wholly-owned Russian subsidiary Uralcement to Buzzi Unicem for EUR104m and the proceeds will be used to reduce Lafarge's net debt. In May, Lafarge commissioned its Ferzikovo works in Russia, which is better placed for serving the more vibrant Moscow market. Lafarge is selling its 47 per cent stake in its Mexican associate Cementos Fortaleza to the majority shareholder Elementia less than two years after the jointly-owned company was formed. The industria... |
Buzzi Unicem03 October 2014, Published under Cement NewsBuzzi Unicem is to acquire, through its subsidiary Dyckerhoff, the 100 per cent interest in Uralsement from Lafarge for EUR104m in cash. The deal, which still requires regulatory approval, is expected to be completed later this year. The single plant has a capacity of 1.1Mta and is located near the town Korkino some 40 km south of Chelyabinsk and has ample raw material reserves. When completed, Buzzi Unicem should have a Russian cement capacity of some 4.5Mta, all in the Urals. |
Lafarge to sell Russian plant to Buzzi Unicem16 September 2014, Published under Cement NewsBuzzi Unicem, through its fully-owned subsidiary Dyckerhoff GmbH, has reached an agreement to acquire a 100 per cent interest in Lafarge's UralCement plant in Russia for an enterprise value of EUR104m. The 1.1Mta wet-process plant is located in the town of Korkino, some 40km south of Chelyabinks. The transaction is subject to authorisation from relevant authorities. The divestment will contribute to Lafarge's objective to reduce net debt, the French cement major said in statement release... |
Court of Appeal postpones Ahangarancement case in Uzbekistan10 September 2014, Published under Cement NewsThe Board of Appeals of the Tashkent Regional Economic Court adjourned the case on the claim of the Russian Eurocement Group holding due to the decision to invalidate the privatisation of Ahangarancement JSC. "The sitting was postponed at the request of the plaintiff," the representative of the court said. Representatives of the Eurocement Group asked for extra time in order to strike an amicable agreement with the defendant - the State Committee for Privatization, Demonopolisation and ... |
Morgan Stanley raises Buzzi Unicem rating19 August 2014, Published under Cement NewsMorgan Stanley has raised its rating on Italy's Buzzi Unicem to "overweight" from "equal weight", on a strong upside potential for the cement maker's stock which has underperformed the market since February amid uncertainty over Ukrainian and Russian markets. Around 50 per cent of Buzzi Unicem's earnings per share (EPS) growth in 2015 will come from a double-digit rise in EBITDA, lower financial costs and higher earnings in Mexico, Morgan Stanley said. The research house expect lower sa... |