Cement News tagged under: Cyprus

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Vassiliko Cement to build new alternative fuel storage site

08 March 2023, Published under Cement News

The Environment Service has given the go ahead for a designated new   alternative fuels storage site a year after a fire destroyed Vassiliko Cement plant’s original storage yard. The new site will be in Larnaca district’s Tochni, about halfway between the cities of Larnaca and Limassol, with the designated fenced site situated within an industrial zone, Philenews reports. The block is located within the island’s Vasiliko Energy Centre. However, Tochni Community Council has re...

Vassiliko Cement donates land for bird breeding

10 October 2022, Published under Cement News

Vassiliko Cement has donated four plots of land, amounting to an area of around 45,000m2, to environmental NGO Terra Cypria. The land, which falls within a ‘Natura 2000’ protected zone, is located in the Ayia Ekaterini and Ayia Paraskevi gorges and is a breeding ground for peregrine falcons, the European roller, the Cyprus wheatear, and the masked shrike. A statement released by Terra Cypria following the announcement of the donation said the land will remain a conservation area and no ...

Vassiliko Cement fire caused by shredder

14 June 2022, Published under Cement News

Vassiliko Cement suffered a fire over the weekend beause a tyre shredder ignited at the Cypriot cement plant. The director of the environment department, Costas Hadjipanayiotou, who was at the scene on Saturday afternoon said it appeared the fire was caused by a malfunction in a tyre shredder that ignited the spark. The fire broke out on Saturday afternoon in an open area filled with old tyres between the villages of Kalavasos and Mari, and was brought under control before midnight. St...

Cypriot MPs told few imported waste tyres are legally scrapped

07 February 2022, Published under Cement News

Cypriot MPs were told by the Audit Office last week that about 35 per cent of scrap tyres imported into Cyprus every year pass through the port in Limassol without being subject to an environmental fee. Moreover, not all these waste tyres are properly disposed of. Approximately 12,000t of imported tyres end up at the cement factory in Vassiliko where they are burned and used as fuel. However, thousands of them end up in illegal landfills. MPs also heard that significant gaps in the c...

Lamanka Enterprises acquires Akhangarancement stake

28 May 2021, Published under Cement News

Cyprus-based Lamanka Enterprises Ltd has reportedly bought 84.197 per cent of the shares in Akhangarancement JSC in Uzbekistan. The stake was acquired for UZS557.6bn (US$52.7m) according to Uzbekistan Daily. In March 2021, Eurocement Holding AG announced its plan to sell a block of shares in Akhangarancement. The price was set at UZS103,593.05 but the block of shares was sold at a rpice of UZS134,671.68.

Vassiliko Cement sees 9% increase in total income

29 August 2019, Published under Cement News

Cyprus’ Vassiliko Cement has seen an 8.9 per cent YoY increase in total income to EUR53.99 for the first six months of 2019, compared with EUR49.6m in the year-ago period. Profit after tax advanced 13.5 per cent to EUR10.1m from EUR8.9m in the 1H18. The company expects to exceed the previous year’s total income of EUR97.9m in the full-year period.

Vassiliko Cement reports rise in domestic sales for 2018

11 June 2019, Published under Cement News

Cyprus-based Vassiliko Cement has reported a 17 per cent rise in cement sales to the domestic market in 2018. However, total income fell 4.4 per cent YoY to EUR97.9m from EUR102.4m. The company has attributed the result to a decline in cement exports, alongside a rise in the cost of energy and CO 2 emission allowances. Cyprus’ construction industry contracted between 2008-15. However, the last four years have seen a steady upward trend. In 2018 the company noted that cement sales reached ...

Cyprus sets 24% reduction goal in greenhouse emissions by 2030

25 January 2019, Published under Cement News

The government of Cyprus has approved a draft National Plan for Energy and Climate to see a reduction of 24 per cent of greenhouse gases in the country by 2030, compared to levels emitted in 2005. However, this total excludes emissions from cement, electricity and pottery sectors. This compares to the EU's greenhouse emissions target of 40 per cent reduction by 2030. Currently the industrial sector only accounts for eight per cent of Cyprus' emissions. Vassiliko Cement is the only cement pl...

Vassiliko Cement enlisted to dispose of waste tyres

19 October 2018, Published under Cement News

Vassiliko Cement has received 1800t of old tyres from the Dali industrial area of Cyprus in an attempt by the Ministry of Agriculture to safely manage the amount of waste tyres being stored in an environmentally-friendly way. Vassiliko Cement is a licensed management facility for disposal of waste tyres. Following the successful completion of this first phase, the ministry added, the transportation and management of tyre waste stored in a quarry site in Agios Sozomenos will soon begin. Th...

Vassiliko Cement in talks to take SRF/RDF waste

23 April 2018, Published under Cement News

The Water Development Department (WDD) in Cyprus is in talks with Vassiliko Cement Works to use byproducts generated at the municipal waste treatment plant at Pentakomo as alternative fuels as an alternative to landfill. The government would have to pay Vassiliko to take in the SRF/RDF sludge, reported the Cyprus Mail. Vassiliko has requested additional sample analyses of the byproduct to determine whether the RDF/SRF mix suits its needs. The WDD said that it might be possible for the P...