Cement News tagged under: Eurocement Group

RSS feed

Mikhaylov Construction Materials Plant completes Eurocement acquisition

16 July 2021, Published under Cement News

Sberbank has closed a deal to sell parent company Eurocement Group's shares and debt to OOO Mikhailovsky Kombinat Stroitelnykh Materialov (Mikhaylov Construction Materials Plant), which won the auction organised on the Russian Action house’s electronic platform. The transaction was valued at RUB161bn US$2.214bn).   The deal will have a positive impact on the group’s financial performance and will be reflected in Sber Group's IFRS Report for 3Q21.

First stage of Eurocement e-auction to close

15 March 2021, Published under Cement News

The first stage of trading of the e-auction for 100 per cent of Eurocement’s shares  that  began on 18 February 2021  ends today (15 March 2021). Based on the results of the first stage, a list of participants will be formed and they will be invited to bid within the framework of the second trading session that will result in a winning investor in early April. The deal includes Sberbank's claims to Eurocement under credit and other agreements, 100 per cent of shares in GFI Investmen...

Eurocement begins auction for 84.2% stake in plant

01 March 2021, Published under Cement News

Russia's Eurocement has begun an open auction to sell an 84.19 per cent stake in its Akhangarancement plant in Tashkent, Uzbekistan. The company is expected to sell 4,141,108 ordinary shares of the plant for a total value of UZS428.99bn (US$40.76m), according to a statement on the Republican Stock Exchange Tashkent.

Eurocement's shares put up for auction

18 February 2021, Published under Cement News

Sberbank has put 100 per cent shares of Eurocement up for an electronic auction,  including about RUB70bn(US$958m) of debt obligations. Sberbank is looking for a public buyer for the shares and is expected to write off part of the debt. Sberbank is the largest bank in Russia, central and Eastern Europe. An open electronic auction was launched on 18 February 2021.  The Auction House of Russia is the organiser and is providing an electronic platform where the selection of an investor will...

Sberbank consolidates 100 per cent shares of Eurocement Group

30 October 2020, Published under Cement News

Sberbank has consolidated 100 per cent of the share in the parent company of Eurocement Group (GFI Investment Ltd). The bank is currently searching for investors interested in Eurocement Group’s shares but is expected to write off part of the debt. Eurocement operates 19 cement plants and is the largest cement producer in Russia. Eurocement has more than 60Mt of cement and producer more than 11Mm 3 of concrete. It also has more than 5.5bnt of raw materials.  As of 30 September 2020...

Russia transports 11.18Mt of cement by rail in 1H20

16 July 2020, Published under Cement News

In the first half of 2020, Russia’s cement producers shipped 11.18Mt of cement by rail, a 9.7 per cent decline YoY. Eurocement’s plants accounted for 37.5 per cent of the shipments, largely consistent with 37.7 per cent in the 1H19. As such, Mordovcement transported the most cement by rail (1.14Mt, -19.3 per cent). It was followed by Topki Cement (794,700t, -2.9 per cent) and Sebryakovcement (758,400t, -5.7 per cent). Rounding off the top five were South Ural Mining and Processing Co (748...

Ukraine moves to protect local cement industry

31 May 2019, Published under Cement News

This week UkrCemFor 2019 got underway in Kyiv to focus on developments in Ukraine's cement sector. While the domestic industry is well supported by the four multinational producers Eurocement, CRH, Dyckerhoff (Buzzi Unicem group) and HeidelbergCement as well as Ukraine's Ivano-Frankivskcement, it has been under great pressure from increasing imports. Imports into Ukraine have steadily increased. Belarus was the largest supplier of foreign cement into the country in 2018, accounting for 58...

Eurocement orders three VRMs from Gebr Pfeiffer

12 March 2019, Published under Cement News

Russia’s Eurocement has ordered three more VRMs for its Akhangaran project in Uzbekistan from Germany-based Gebr Pfeiffer. The order includes an MVR 5000 R-4 for raw material grinding and two MVR 5000 C-4 models for cement grinding. The MVR 5000 R-4 has a total drive power of 2500kW and can grind 500tph of raw material to a fineness of 12 per cent R 90µm. The cement grinding mills, each with an installed drive power of 4000kW, are designed to grind 200tph of OPC at 3200 Blaine.

Eurocement to begin producing white cement

18 December 2018, Published under Cement News

Russia's Eurocement Group has announced plans to launch white cement production at its Zhigulyovsk Building Materials plant in Samara Region. "Today, the demand for white cements in Russia is largely satisfied with shipments from abroad. The launch of production at our enterprise is an important step in import substitution. The plant in the Samara region will produce about 300,000tpa of white cement, which will allow consumers to reduce costs. At the same time, customers will get cement w...

Eurocement begins construction of 3Mta facility

19 October 2018, Published under Cement News

Eurocement Group has started the construction of its new 3Mta facility in Uzbekistan. The plant is expected to begin operations in mid-2020 and will represent an US$160m investment. “This production will become the flagship of the cement industry and a powerful support for the growth of the economy of Uzbekistan,” said Mikhail Skorokhod, president of Eurocement Group. Once complete it will become the largest plant in central Asia, according to UzDaily. The commencement of construction is...