Cement News tagged under: Ukraine
Eurocement-Ukraine net loss widens23 March 2015, Published under Cement NewsEurocement-Ukraine (Kharkiv region) reported loss of UAH258.279m (US$10.3m) for 2014 compared to a loss of UAH 21.1m the year before. Ukrainian News reported that as at late 2014, the assets of the company made up UAH840.956m, receivables – UAH 159.678m, and current liabilities – UAH528.563m. |
Ukraine producer widens net loss12 March 2015, Published under Cement NewsHeidelbergCement Ukraine, the local unit of HeidelbergCement AG, saw its net loss expand to UAH425.4m (EUR18.5m) in 2014 from UAH99m the previous year, the plant said in a statement seen by news agency Ukrainian News on Tuesday. As of 2014, Dnipropetrovsk-based HeidelbergCement Ukraine had two cement production facilities, four ready-mixed concrete plants, five cement terminals, two aggregates and one grinding site in the country. |
Ukraine: Volyn Cement net loss widens23 February 2015, Published under Cement NewsVolyn Cement reported a net loss of UAH456.7m (US$16.3m) for 2014, compared to a loss of UAH46.9m during the year before. The Dyckerhoff subsidiary's assets came in at UAH1.14bn on 1 January 2015, long-term liabilities reached UAH1.17bn and current liabilities totalled UAH155.3m. Total receivables amounted to UAH 46.9m at the end of 2014, according to the report. Volyn Cement operates an integrated cement works in Zdolbuniv, Rivne region. |
Uzbekistan: Ahangarancement full-year output rises29 January 2015, Published under Cement NewsAhangarancement, part of Eurocement Group, produced 1.24Mt of clinker and 1.7Mt of cement in 2014, a YoY increase of 6.2 per cent (72,500t) and five per cent (80,400t), respectively. The company said that its shipments rose by 6.5 per cent to 1.72Mt in 2014, (+105,300t). During the year, Ahangarancement started to produce cement types PC 400 KD20 SSPC 400 D20 in 2014, of which it produced 84,610t and 47,922t respectively. |
Swiss CemIn West acquires 96.6% of Ivano-Frankivskcement23 December 2014, Published under Cement NewsSwitzerland-based CemIn West SA has bought a 96.6 per cent in Ukraine’s Ivano-Frankivskcement, according to the target company. The majority holding was bought from Cyprus-based Permixo Ltd, Basmaren Enterprises Ltd and Prenters Engineering Ltd, which sold their respective stakes of 36.98%, 20.76% and 13.3% in the Yamnitsa-based entity. Ivano-Frankivskcement closed 2013 with a net profit of UAH130.3m (US$8.2m). |
HeidelbergCement reopens Ukraine factory18 December 2014, Published under Cement NewsHeidelbergCement has reopened its 1.8Mta plant in eastern Ukraine a month after closing it due to pro-Russian rebels in the regions wanting to impose their own agenda on the production process. The situation now has changed and the company is about to sign a contact with a new security firm, HeidelbergCEment CEO Bernd Scheifele said. The re-launch of the production process was closely coordinated with the Foreign Office, the CEO said. The conflict in Ukraine has led to serious infras... |
HeidelbergCement halts production at Ukraine factory18 November 2014, Published under Cement NewsHeidelbergCement has halted production at its 1.8Mta cement factory in Donetsk, eastern Ukraine after pro-Russian rebels in the regions wanted to impose their own agenda on the production process, a HeidelbergCement spokesperson has said. “The separatists had their own ideas about how the business should be run,” said the German building materials group, which has three plants in Ukraine. The company was unwilling to co-operate with the separatists and would abide by EU sanctions, it said.... |
CRH returns to first-half pretax profit19 August 2014, Published under Cement NewsCRH's first half turnover advanced by four per cent to EUR8,324m and the EBITDA improved by 27.2 per cent to EUR505m. The trading profit jumped from EUR41m to EUR171m and after a net interest charge 2.7 per cent higher at EUR150m, the pre-tax result went from a loss of EUR71m to a EUR61m profit. The net attributable result went from a EUR57m loss to a EUR46m profit. Net debt at the end of June was 11.6 per cent lower at EUR3,703m, giving a gearing level of 39.9 per cent, which compares wi... |
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... |
Podilskiy Cement names new chief executive officer, Ukraine27 June 2014, Published under Cement NewsUkrainian cement producer Podilskiy Cement has appointed Sviatoslav Kozlenko as chief executive officer, replacing Semen Darchuk. In addition, the supervisory board has elected Maryna Mykhodinova as a member of the management board. Owned by Ireland-based building materials group CRH, the JSC Podilsky Cement plant is located at Kamyanets-Podilsky in western Ukraine. |