Cement News tagged under: Armenia

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Armenia places import duty on Iranian cement

03 June 2019, Published under Cement News

Armenia's parliament has approved a 14,000/t duty to be set on imported cement from Iran. A total of 85 law makers voted in favour of the duty with 16 voting against and three abstaining. The Armenia party also wanted a state duty on the import of clinker from Iran but this has not been put in place. The bill for the cement duty passed while a group of construction workers protested outside parliament. The demonstrators were arguing that the duty would increase prices of cement. Babken Tun...

Armenia raises cement import duty

22 April 2019, Published under Cement News

The National Assembly of Armenia passed a law to establish import duties of AMD22,000/t (US$45.56/t) on the import of cement for a period of one year, until April 2020. The move comes after protests held by local cement plant employees against low cost imports into Armenia. “We cannot allow the closure of our cement producing enterprises. They need state support," argued the Economic Development and Investment Minister, Tigran Khachatryan. He said that in 2018, local production increased by...

Armenia to increase cement import levy

22 February 2019, Published under Cement News

Armenia’s government is taking measures to protect domestic cement producers from competition by cement producers in neighbouring countries. The state policy of subsidising the cost of gas and electricity in Armenia’s neighbours has led to a rise in more competitively-priced imports into Armenia. As result, output volumes at Armenia’s cement plants, Ararat and Hrazdan, have significantly decreased. Around 2Mta of product is currently stored in warehouses with only one-third sold. In Januar...

Hrazdan Cement restarts production under Russian ownership

15 June 2018, Published under Cement News

Armenia's Hrazdan Cement Corp is operating again and has been bought by GM Holding, which is under Russian ownership. Zhoghovurd (People) newspaper, reports that GM Holding is owned by Arsen Mikaelyan, chairman of Armbusinessbank CJSC board, which belongs to billionaire Vitaly Grigoryants, born in Karabakh, who lives in Russia. According to the newspaper, after the purchase-sale transaction investments were made in December 2017, the Armenian cement plant has started operating.   Hr...

Armenia: Hrazdan exempt from fines

17 May 2016, Published under Cement News

The Armenian government has been successful in pushing through a bill exempting Hrazdan cement plant from fines, accumulated by its failure to pay taxes and other mandatory payments. Artsvik Minasyan, economy minister, argued that the bill would both create a competitive field and have a positive impact on economic activity in the region. He said the reactivation of the idle plant will save approximately 500 jobs. The total debt of the Hrazdan cement plant is estimated at AMD935m (US$1.9...

Armenia reduces cement exports, imports rise

09 July 2015, Published under Cement News

Armenia cut its cement exports 2.5-fold to 73,000t in 2014, down from 185,200t in 2013, according to a report by ARMINFO News (Armenia). It also increased its imports 2.2-fold, according to the Customs Service of Armenia. The Ministry of Economy said that cement exports fell dramatically in 2014 as a new cement plant started up in Rustavi, Georgia –  key consuming country of Armenian cement exports. The customs cost of the exported cement fell from US$11.8m in 2013 to US$4.6m in 2014, a f...

Hrazdan cement plant faces closure

06 April 2015, Published under Cement News

Hrazdan cement plant, Armenia, has an outstanding debt of AMD509m (USD1.08m) owed to the tax authorities and faces closure, according to plant manager Naira Martirosyan. Over 2008-14, the plant paid AMB2.9bn in various taxes, but the sharp decline in domestic consumption and problems with exports resulted in serious losses and failure to service debts. The Hrazdan cement plant was commissioned in 1970, selling its products both at home and in Georgia and Russia. In the 1990s the plant stoo...

Mika stops production until February 2015

13 November 2014, Published under Cement News

Armenia-based Mika Cement has said it will stop production until February 2015 to undertake scheduled maintenance, saying it has achieved its planned output and has sufficient sales stock until operations resume. The company said in a press release that the plant, situated in Kotayk province, is usually brought to a halt at this time of the year for maintenance work. Operations will be restarted as usual in February 2015 before the start of Armenia’s construction season, it added. Mika Cem...

Mika Cement resumes production, Armenia

13 October 2014, Published under Cement News

Armenia-based producer Mika Cement, which has not functioned since April 2014, has resumed production having paid off its main debts. Naira Martirosyan, director of the plant told Arminfo, that production restarted at the end of September. "We paid off the main debts on salary and electric power and at present we have been paying off the current debts," she said. She further added that production is in full swing, and output is expected to reach 100,000t by year-end. While most of the out...

Armenia: Mika Cement finds buyer

13 June 2014, Published under Cement News

Russia-based Armenian businessmen are said to be poised to buy Mika Cement plant, according to the Zhghovurd newspaper. The cement plant was owned by Mikhail Baghdasarov but was mortgaged to VTB Armenia Bank last November having been pronounced bankrupt in June 2013. Serob Sharoyan, the plant's technical department manager, is expected to be appointed the new director of Mika Cement, said the local paper.