Cement News tagged under: Uzbekistan
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 ... |
Eurocement appeals Supreme Court ruling on Ahangarancement03 September 2014, Published under Cement NewsThe Supreme Economic Court of Uzbekistan has received an appeal from Eurocement Group on the court's decision to annul the privatisation of Ahangarancement, in which the Russian producer holds a majority stake. On 21 July 2014, the Uzbek court declared Eurocement's 2006 privatisation of the cement plant invalid. Eurocement owns a 75 per cent stake in Ahangarancement, Uzbekistan's second-largest cement producer by capacity and market share. The ruling paves the way for the plant to be nation... |
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... |
Eurocement Group to build US$128m plant in Uzbekistan08 July 2014, Published under Cement NewsEurocement Group Holding of Russia is constructing a cement plant worth US$128m in Uzbekistan for its daughter enterprise Ahangarancement in the Tashkent region. Uzstroymateriali JSC, which unites contruction material industry enterprises in the country, said the new 2.4Mta cement plant will use dry-process technology. Eurocement Group has signed an agreement with Chinese China CAMC Engineering Co Ltd for the supply of equipment, design, erection supervision and training of employees. Cons... |
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... |
Uzbekistan cement works inaugurated02 April 2014, Published under Cement NewsUzbekistan has seen the official launch of a US$116m cement plant in Jizzakh oblast, which will add to the country’s grey and white cement production capabilities. The greenfield works, based in the Zafarabad area, has a grey capacity of 0.76Mta, plus 0.35Mta of white cement. Almalyk Mining and Metallurgical Complex (AMC) set up a joint venture with JSC Uzstroymaterialy in July 2012 and construction of the new facility began in April 2013. Turkish Dal Teknik Makina Ticaret Ve Sanayi As su... |
Ahangarancement output rises in 2013, Uzbekistan23 January 2014, Published under Cement NewsAhangarancement, part of the Eurocement Group, produced over 1.116Mt of clinker and 1.62Mt of cement in 2013. The Uzbekistan-based producer said clinker volumes rose by 13 per cent YoY (or 137,600t) while cement output was up by six per cent (86,400t). The company’s shipments increased by 88,100t to 1.613Mt last year, an increase six per cent. Shipments of bagged cement also rose by 23 per cent YoY. Its PPC 400 cement type was the biggest seller in 2013, accounting for 40.8 per cent of sh... |
Akhangaracement 9M13 production and shipments rise, Uzbekistan29 October 2013, Published under Cement NewsAkhangaracement JSC, part of the Eurocement Group, produced 1.176Mt of cement and 853,503t of clinker in the first nine months of the year, up 1.61 per cent and 7.66 per cent YoY respectively. During the Jan-September period, the company said in a statement that it shipped 1.198Mt of cement, a rise of 0.97 per cent compared to the same period of the year before. It also observed an increase in bagged sales of 5.96 per cent as it dispatched 248,484t in 50kg bags over the first three quarter... |
Uzbekistan: Akhangarancement records steady 7M13 results02 October 2013, Published under Cement NewsAkhangarancement, part of the Russia-based Eurocement group, has reported a steady growth in its key performance indicators for the first seven months of the year. From January to July 2013, the company produced 899,600t of cement and 678,300t of clinker, noting YoY increases of 1.2 and 13.5 per cent, respectively. Akhangarancement is the largest cement producer in the Tashkent region and operates the second-largest capacity in the country. Its production capacity currently stands at 1... |
Eurocement plans full ownership of Ahangaran Cement, Uzbekistan01 August 2013, Published under Cement NewsRussia-based Eurocement Holding AG is planning to increase its stake in Uzbekistan's second largest cement producer Ahangaran Cement up to 100 per cent. Currently, Eurocement Holding AG owns 83.9186 per cent or 4,136,269 shares in the company.???According to reports by Uzbekistan Daily, it now plans to acquire an additional 792,637 shares, or 16.0814 per cent stake in the company, Uzbekistan Daily reported. Should the deal proceed, Eurocement Holding AG will own 4,928,906 shares in Aha... |