Cement News tagged under: Russia
CRH prepares Ukraine business contingency plans28 February 2022, Published under Cement NewsIreland-based CRH has prepared contingency plans to address the fallout of Russia’s invasion into Ukraine. The company is closely monitoring the situation in the country as it has the largest Ukrainian exposure of any Irish business. CRH entered Ukraine in 1999 through the acquisition of PJSC Podilsky Cement . In the 2011-2013 period, the company expanded its presence through the acquisition of JSC Mykolaiv Cement in Mykolaiv and Cement LLC in Odessa. In late 2021 CRH rebranded i... |
Buzzi Unicem FY21 preliminary regional results see 7% rise in cement sales10 February 2022, Published under Cement NewsCement sales of the Buzzi Unicem group amounted to 31.2Mt in 2021, increasing by 6.7 per cent when compared to 2020. Ready-mix concrete output, which stood at 12.1Mm 3 , was also up, by 3.4 per cent, compared to the volumes of last year. Consolidated net sales for the financial year increased from EUR3222.4m to EUR3445.6m. The sales volumes achieved by the group in 2021 exceeded the level of those reached in the previous year, thanks to the progress recorded in Italy, the USA and easter... |
Akkermann Cement receives funds to acquire Akhangaracement JSC26 January 2022, Published under Cement NewsGazprombank has allocated funds for the acquisition by Akkermann Cement CA (part of the USM group) for a 98.6 per cent stake in Akhangaracement JSC in Uzbekistan. The transaction was implemented with the attraction of financing from Gazprombank, is not just a creditor but a strategic financial partner of Akkermann Cement LLC. The group of companies under the Akkermann Cement brand is part of the diversified Russian holding USM. In 2021 Akkermann Cement produced about 4Mt of c... |
Iskitimcement ups output by 20%24 January 2022, Published under Cement NewsRussia-based JSC Iskitimcement (owned by JSC HC Sibcem) produced 1.18Mt of cement in 2021, representing a 20 per cent YoY rise. The company also advanced sales by 21 per cent to 1.19Mt in the year. Bulk cement sales, which represent 80 per cent of total sales, reached 954,000t. In addition, 86,000t of cement were shipped in 1t bulk bags and 145,000t were dispatched in 25kg and 50kg paper bags. A total of 92,000t, or 63 per cent of all products sold in paper bags, were supplied on pallets i... |
Russia gets recovery rolling16 January 2022, Published under Cement NewsAs Russia’s economy returns to growth and the domestic construction sector saw a revival in 2021, the country’s cement industry looks set to prosper. Will cement producers be able to capitalise on these positive trends and increase capacity utilisation in the next few years? By Aleksei Semenov, GS-Expert LLC, Russia Despite the continued COVID-19 pandemic, Russia’s cement industry benefitted from growth in domestic demand (© Atom Cement) Despite the continuing COVID-19 pandem... |
Russian monopoly watchdog blocks Atakaycement acquisition12 January 2022, Published under Cement NewsRussia’s Federal Antimonopoly Service (FAS) has blocked the acquisition of Atakaycement by AO Actual Investments and OAO Novoroscement. FAS concluded after a market analysis that if the transaction went ahead, the aggregate share of the corporate group Actual Investments, Novoroscement and Atakaycement in the Southern and Northern Caucasus federal districts would exceed 50 per cent in terms of sales and production capacity. The acquisition would enable Actual Investments and Novoroscemen... |
New cement plant for Yuzhnaya on Sakhalin21 December 2021, Published under Cement NewsThe Sakhalin Oblast Development Corp is planning the construction of a cement plant in Smirnykhovsky District in the Yuzhnaya priority development area (PDA) and has agreed to the financial and economic justification, according to Esmerk Russian News. The volume of private investment in the plant is estimated at RUB8bn (US$112.2m). The name of the investor has not been disclosed but they expect to receive the status of resident of the PDA. The plant is expected to be commissioned by 2025... |
VostokCement completes repair of kiln17 December 2021, Published under Cement NewsRussia’s VostokCement has completed the repair of the second rotary kiln at its Teploozersk facility. During two months of work, the lining was replaced, the smoke pump was repaired and a new foundation for the sixth support of the furnace was filled in. The heat exchanger has also been replaced, which will improve heat exchange in the furnace and optimise fuel consumption, according to the company. |
A new round of Russian consolidation12 November 2021, Published under Cement NewsThe RUB161m acquisition of Eurocement's assets by the Mikhailovsky Combine of Building Materials ( Smikom group) in June 2021 has sent the Russian cement market into a new consolidation phase. Russian billionaire Lev Kvetnoy, who owns OOO Gazmetallproekt, the second-biggest Russian cement player, is now closing in on the acquisition of two former Inteko plants. The Trust Bank put the two cement plants up for open auction on 18 October 2021. Applications will be accepted up to 8 Decembe... |
Atom Cement launched in Russia23 August 2021, Published under Cement NewsRussia’s Atomstroykompleks has launched its Atom Cement plant in Sysert, Sverdlovsk region, which has been designed with 550,000tpa of white cement capacity. The project represents an investment of RUB4.5bn (US$61.46m) and is expected to reduce the price of white cement in the region by up to 30 per cent. |