Cement News tagged under: Russia
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... |
Eurocement first-half shipments rise, Russia18 August 2014, Published under Cement NewsIn the first half of 2014, Eurocement Group shipped over 450,000t of PC 500-D0-N grade cement, 24 per cent higher than the previous year. PC 500-D0-N cement is actively being used in the construction of road projects and is seeing particularly strong demand in the Moscow market. Projects using this Portland cement type include the high-speed M-11 highway from Moscow to St Petersburg, the M-4 Don routes, the fourth ring road in Moscow and traffic intersections on the M-10 highway. It is als... |
Talks held on proposed Russian Karachay-Cherkessia plant29 July 2014, Published under Cement NewsRashid Temrezov, the head of Karachay-Cherkessia Republic, and Filaret Galchev, a member of the board of directors of Eurocement Group, are in talks for the construction of a cement factory in Karachay-Cherkessia. The new plant is slated to have a capacity of 4Mta. (Source: Vestnik Kavkaza) |
Eurocement faces losing Uzbekistan unit24 July 2014, Published under Cement NewsRussian cement major Eurocement is facing the loss of its facility in Uzbekistan in a nationalisation drive by the central Asian country. An Uzbek economic court in Tashkent has annulled Eurocement's 2006 acquisition of Uzbekistan's biggest cement producer, Akhangarancement, which could lead to its nationalisation. Uzbek media reports on 22 July said the Uzbek State Competition Committee filed a lawsuit last week against Eurocement's purchase of Akhangarancement. The Tashkent court r... |
Holcim (Russia) new CEO appointed24 July 2014, Published under Cement NewsGuillermo Brusco has been appointed CEO of Holcim (Russia), effective 1 July 2014. He replaces Gustavo Navarro. Mr Brusco’s responsibility will cover the strategic development of Holcim Group companies in Russia. He started his career within the Holcim Group in 1988 holding various positions in Venezuela, US and Italy. Starting in 2003 he served as plant manager of the Ramos Arizpe plant in Mexico, and has also held the position of Operations Vice President of Holcim (Argentina). |
Eurocement signs Uzbekistan supply contract01 July 2014, Published under Cement NewsEurocement has signed a US$128m contract with China CAMC Engineering, a unit of Sinomach, for the supply of equipment, as well as design, installation, and training for a new cement plant in the Tashkent region of Uzbekistan, the group said in a statement Monday. The plant will have a projected cement capacity of 2.4Mta and will be launched in 2016. It will be operated under Eurocement’s local Uzbek subsidiary, Akhangaran Cement. In May, Eurocement Group signed a US$500m equipment supply c... |
Belgorodskiy Cement monthly output increases 6% YoY19 June 2014, Published under Cement NewsBelgorodskiy Cement, a member of Russia’s Eurocement group, produced 155,439t of cement, six per cent more than the same month of 2013. The company witnessed increased demand for high-quality PC-500-D0-N cement during April 2014. A total of 27,325t of this cement type was produced, 15,077t more than during the comparative period in the year before. |