Cement News tagged under: Armenia
Armenia: Hrazdan exempt from fines17 May 2016, Published under Cement NewsThe 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 rise09 July 2015, Published under Cement NewsArmenia 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 closure06 April 2015, Published under Cement NewsHrazdan 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 201513 November 2014, Published under Cement NewsArmenia-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, Armenia13 October 2014, Published under Cement NewsArmenia-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 buyer13 June 2014, Published under Cement NewsRussia-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. |
Armenian exports rise in first six months of 201316 October 2013, Published under Cement NewsArmenian cement exports have increased over the first six months of the year despite a drop in domestic output. Data from the National Statistics Service reported by ArmInfo that over the January-June 2013 period, cement production declined 3.2 per cent to 180,000t from 186,300t in the same period of the year before, while exports rose 64 per cent from 56,000t in 1H12 to 92,000t in the first half of this year. While the Armenian construction market continues to feel the effects of the ... |
Mika Cement to resume operations, Armenia09 September 2013, Published under Cement NewsArmenia-based producer Mika Cement plans to resume operations, having been idle for a year. The kiln will be launched on 10 September 2013, plant director Naira Martirosyan told Arminfo. The 1.2Mta cement plant, situated in the city of Hrazdan, has been shut down since September 2012. The plant has been able to resume operations following a loan it recieved from VTB Bank (Armenia) in July this year. The bank allocated funding so the cement producer could fulfill its loan commitments, inclu... |
Armenia production rises 6.2% in first seven months02 September 2013, Published under Cement NewsCement production in Armenia rose by 6.2 per cent in the first seven months of the year, according to the latest data from the country’s national statistics service. During January-July 2013, Armenia produced 235,600t of cement, the government’s statistics agency reported. Meanwhile, local press reported that 92,500t of this amount was exported to neighbouring Georgia. Armenia’s building sector was severely impacted by the global financial crisis and the effects have continued to linger... |
Armenian cement exports to Georgia double10 May 2013, Published under Cement NewsExports of cement from Armenia to Georgia have doubled in the first three months of the year compared to the same period of 2012. Armenpress reported that exports reached 36,568t, citing data from the government's State Revenue Committee. According to the government department, Georgia was the only recipient of Armenian exports during the first quarter of 2013. During the same period of last year, Armenia exported 18,676t to Georgia. In 2012 about 136,175t of cement was exported to Geo... |