Cement News tagged under: Russia
Novoroscement signs financing agreement with VTB Bank07 November 2012, Published under Cement NewsVTB Bank has signed an agreement with Novoroscement, the largest cement producer in southern Russia, to provide a RUB920m (US$29m) credit line to finance the company’s current operations. “The borrowed finds will be used to finance the current activities of the enterprise,” VTB said. The bank declined to disclose the maturity and terms of the credit line. Novoroscement has three cement plants in the Krasnodar Region with a combined capacity of over 4Mta of cement. VTB and Novoros... |
Dyckerhoff reports stable nine month volumes06 November 2012, Published under Cement NewsDyckerhoff reported stable volumes for the first nine months of 2012 as the recovery in Russia and USA almost counterbalanced declines in the other regions. Sales increases in the Eastern Europe and USA divisions also offset decrease in the Germany/Western Europe division. Germany and Western Europe fell seven per cent to EUR588m from EUR633m. Sales in Eastern Europe rose by seven per cent to EUR487m from EUR456m. Sales in the US were up 24 per cent to EUR160m from EUR129m. Group EBITDA ... |
Holcim to modernize Volsk cement plant, Russia24 October 2012, Published under Cement NewsHolcim Russia plans to invested EUR350m for the modernization of its Volsk plant. The project will include the installation of a new semi wet-process production line with a capacity of 4500tpd, replacing the wet process technique. Construction work is expected to start in the second quarter of 2013 and the new line is scheduled to start commissioning in the third quarter of 2016. Last year Holcim commissioned a new 2.1Mta kiln line at its Shurovo plant, serving the key regional Mos... |
Sibirsky Cement nine month output rises, Russia18 October 2012, Published under Cement NewsSibirsky Cement increased cement output 5.3 per cent YoY to 3.148Mt in the nine months to September 2012, the company said in a statement. Sibirsky Cement, which comprises three plants, sold 3.172Mt of cement in this period, a 6.2 per cent increase on the year. Output of the Topkinsky Cement plant in the Kemerovo region was 2.139Mt, a seven per cent increase. Krasnoyarsky Cement, located in the Krasnoyarsk Region, produced 662,800t of cement, a one per cent increase. Meanwhile, the Ti... |
Eurocement to construct new plant, Russia04 October 2012, Published under Cement NewsRussia’s leading cement producer is planning to build a new cement plant in the Blagodarnensky district of the Stavropol territory. The plant’s annual capacity will be 1.3Mta and the amount to be invested will be RUB15bn, SKRIN Newsire reports. Eurocement has a present-day capacity of 37.5Mta and is currently on an expansion drive which will see it starting up new facilities both in its domestic market of Russia and build on capacity in Ukraine and Uzbekistan over the 2012-17 period. Over... |
Iskitimtsement raises 9M12 output, Russia03 October 2012, Published under Cement NewsIskitimtsement, part of Russia-based RATM Holding, raised cement output by 23.1 per cent YoY to 1.123Mt in January-September, RIA Novosti news reported. Deliveries rose 28.9 per cent to 1.294Mt during the same nine m onth period. For the third quarter of the year, Iskitimtsement produced 535,000t of cement and sold 579,369t. In September alone, the company’s output reached 168,000t and sales amounted to 187,434t. Iskitimtsement has said it plans to boost 2012 production 9.4 per cent YoY to... |
Katavsky Cement sets new production record, Russia14 September 2012, Published under Cement NewsKatavsky Cement, part of Russian market leader Eurocement Group, produced 146,008t of cement in August 2012, surpassing last year’s record of 138,005t. According to these figures, the company’s plan was exceeded by 12.3 per cent. For the eight months to August 2012, the plant manufactured 782,595t, 3.9 per cent above the company’s projected target. This is also a 19.2 per cent increase over last year’s output when it produced 125,970t in 2011. During the Jan-August 2012 period, Kavatsky C... |
Ship faces detention in Ireland over claims of unpaid wages14 September 2012, Published under Cement NewsA ship carrying cement was facing detention in Drogheda on the east coast of Ireland last night due to an almost €80,000 in alleged unpaid crew wages, according to reports in the Irish Times. The MV Julia’s nine -man crew from Ukraine, Russia and Lithuania had not been paid since May, International Transport Workers Federation co-ordinator for Ireland and Britain Ken Fleming said. The men were owed US$102,700 (€79,110) in unpaid wages, he added. The vessel is owned by Dutch- based compan... |
Russia: New CEO at Zhigulevskie Stroymaterialy JSC21 August 2012, Published under Cement NewsNikolay Skornyakov has been appointed CEO of Zhigulevskie Stroymaterialy JSC which is part of the Eurocement group Holding. Until now, Nikolay Skornyakov was Zhigulevskie Stroymaterialy's technical director.Nikolay Nikolayevich Skornyakov was born in 1950 in Ulyanovsk. In 1980 hegraduated from Belgorod State Technological Institute of Construction Materials majoringin chemical technology binders. Nikolay Skornyakov has been working in the cementindustry for about 40 years. He began his pro... |
Sibirsky Cement 2011 net profit almost doubles, Russia26 July 2012, Published under Cement NewsSibirsky Cement’s net profit almost doubled to RUB1.4bn (US$42.9m) in 2011 from around RUB700m in 2010, as calculated in accordance with International Financial Reporting Standards (IFRS), the company said in a statement on Thursday. Revenue increased by 42 per cent on the year to RUB12bn in 2011, while gross profit rose 52% to RUB6.9bn. EBITDA amounted to RUB3.03bn although no comparison was provided. |