Cement News tagged under: Belarus

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Belarusian government ready to sell Krasnoselskstroymaterialy

18 June 2018, Published under Cement News

The Belarusian government is ready to sell Krasnoselskstroymaterialy to CRH for approximately US$200m, according to Deputy Prime Minister, Anatol Kalinin. "The investor does not want to buy the entire stake although we are offering it to purchase 100 per cent of its shares," he said, adding that the sides continued their talks and were bringing their positions closer together. The government is determined to carry out a targeted privatisation, said Mr Kalinin. The cement manufacturer has...

OAO Belarusian Cement Plant shows potential

22 January 2018, Published under Cement News

OAO Belarusian Cement Plant, part of the Belarusian Cement Company, has potential for development. The Belarusian economy minister, Vladimir Zinovsky, made this statement when he visited the plant on Saturday, according to BelTA. The minister also noted that the business can grow through cost reduction efforts and by introducing new competitive products with a high added value. Mr Zinovsky stated that the stable operation of the company is a factor in the sustainable economic development ...

Belarus government increases stake in three cement producers

29 September 2017, Published under Cement News

The Council of Ministers in Belarus has issued a directive providing for an increase in the government’s stake in three cement producers. The government will raise its stakes in Belarussian Cement Plant in Kastsyukovichy and Krychawtsementnashyfer in Krychaw, which are both in the Mahilyow region, as well as Krasnaselskbudmateryyaly in the Vawkavysk district, Hrodna region, according to Belapan news service. The increase will equal the amount of financial support provided to the companies...

Belarusian Cement and Eurocement Group sign collaboration contract

09 December 2016, Published under Cement News

Belarusian Cement Company and Eurocement Group, Russia, have signed a contract to regulate cooperation in 2017, according to the Belarusian Architecture and Construction Ministry. The agreement will ensure that deliveries will satisfy Russian demand for Belarusian cement and that 2017 deliveries will be at least as large as those in 2016. The contract was signed by Eurocement Group President, Mikhail Skorokhod, General Director of OAO Belarusian Cement plant, Igor Lozhechnikov, and Direct...

Belarusian Cement to merge with Minsk Silicate Materials

26 August 2016, Published under Cement News

Belarusian Cement Plant, located in the Kostiukovichi Mogilev region, is set to incorporate OAO Minsk Silicate Materials Plant. The merger is due to be finalised by December 2016. The Belarusian Cement Plant will increase its statutory capital by issuing 287,227 supplementary shares valued at BYN10 (US$4.97) each. These will be transferred to the state, expanding the state-owned stake in the cement company from 99.45 to 99.46 per cent.

Krasnoselskstroymaterialy chases profits in Poland and Russia

15 August 2016, Published under Cement News

Belarus cement producer Krasnoselskstroymaterialy is optimistic that its finances will return to the black by the end of 2016, reports BelTA news agency. The enterprise will seek to boost its exports to Russia and Poland while raising its output of cement. "We have refocussed our enterprise and penetrated new markets in Poland and Kaliningrad Oblast. When we only started to penetrate them we had to cut prices and reduce the profitability of sales. But all new contracts in Russia and P...

Akmenes posts decline in 2015 revenue

08 February 2016, Published under Cement News

Lithuania's sole cement manufacturer Akmenes Cementas posted a decline of around six per cent in 2015 revenue to EUR55.4m from EUR59.2m a year earlier. Nearly 50 per cent of revenue derived from exports, mainly to Poland, Scandinavia and Russia's exclave of Kaliningrad, the Verslo Zinios business daily reported on Friday. “Cement consumption more or less reflects the situation in the Lithuanian construction sector. In 2013 cement consumption rose by approximately 10 per cent whereas in 2...

Belarus to export 1.8Mt in 2015

06 February 2015, Published under Cement News

Belarusian manufacturers are expected to export 1.8Mt of cement in 2015, including 1.3Mt to be supplied to Russia's Eurocement, Construction Minister, Anatol Chorny, told reporters in Minsk on Thursday. Belarus sold 980,000t of cement to Eurocement in 2014, Mr Chorny noted. "This year we have signed an exclusive contract for the supply of 1.3Mt,” he said. “The contract is advantageous to Belarus because 50 per cent of the total amount shall be paid in advance and the rest shall be pai...

Belarusian government to acquire additional shares

07 January 2015, Published under Cement News

The Belarusian government will acquire additional stakes in three cement companies in exchange for helping them to repay loans to China’s EximBank. The Council of Ministers has issued a directive that provides for the restructuring of overdue debts to the bank incurred by Belarussian Cement Plant, Krychawtsementnashyfer and Krasnaselskbudmateryyaly as of 1 October 2014. The three cement producers will receive the bailout on condition that they meet their profitability of sales targets f...

Belarus intends to increase exports to Russia

08 October 2014, Published under Cement News

Belarus intends to export more cement to Russia in the years ahead, according to Vice Prime Minister of Belarus Anatoly Kalinin At a meeting with Russia's leading producer Eurocement Group on 3 October 2014, Mr Kalinin remarked that work is in progress to implement the contractual obligations signed by the two parties, the press service of the Belarus government told BelTA. At the same time, these exports are about 30 per cent behind the adopted schedule. According to Mr Kalinin, the Be...