Cement News tagged under: Russia

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Russia on the rebound?

05 April 2021, Published under Cement News

After returning to growth in 2019, Russian cement consumption stalled in 2020 due to the impact of the COVID-19 pandemic. Construction output stagnated during the year, but government programmes are expected to stimulate recovery and help cement consumption growth rebound, thus paving the way for cautious optimism in 2021. By Alexey Semenov, GS-Expert, Russia. Support measures announced by the Russian government have become stimuli for the domestic economy, construction industry an...

Buzzi Unicem outlook for 2021

30 March 2021, Published under Cement News

Buzzi Unicem's Board of Directors gave an outlook for 2021 with expected sales recovery in Italy and an economic recovery in the USA, while forecasting higher industry inflation forces for building material production going forward.  In Italy construction investments are expected to grow moderately, mainly favoured by the residential building renovation sector and by a gradual recovery of activity in the commercial and public segments. In this context, Buzzi Unicem believe that a recovery...

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...

SIKA acquires Russian mortar company

12 February 2021, Published under Cement News

Sika has agreed to acquire Kreps LLC, a leading mortar manufacturer in Russia. The company offers a wide range of mortar products for interior and exterior finishing, complementing the existing portfolio and geographical footprint. The acquired business generates annual sales of CHF15m (US$16.8m). The transaction is subject to clearance by the local anti-trust authorities.   Kreps operates production plants in Saint Petersburg and Yekaterinburg, two geographical areas where Sika has not ...

Ukrainian court dismisses claim to cancel anti-dumping duties

14 January 2021, Published under Cement News

Ukraine’s District Administrative Court of Kyiv has reportedly dismissed the claim of the managing company of Belarusian Cement Co and its local importers regarding the cancellation of anti-dumping duties on cement imports into Ukraine, established by the Interdepartmental Commission on International Trade in May 2019. The news was reported by the Ilyashev & Partners Law Firm, which represents the interests of third parties in the case. "The court recognised the need to protect the violated...

Angarskiy Cement Co begins work to improve energy supply

31 December 2020, Published under Cement News

Russia’s Angarskiy Cement Co, part of Siberian Cement Co, has begun works to improve its energy supply. As such, it has started the construction of a 335m cable overpass from its Tsemzavod substation to a transformer substation. The construction of the cable overpass is necessary for the restoration of the transformer substation, as its electrical equipment has reached end of life. The main part of the project is expected to be completed in February 2021 and commercial operation is schedul...

Shchurovsky Cement celebrates 150 years

15 December 2020, Published under Cement News

Part of LafargeHolcim Russia, this year Shchurovsky Cement’s plant in Kolomna is celebrating 150 years of cement production. Over its long history the integrated works has invested in continuous improvements to enhance efficiency, capacity and environmental peformance, and to help build modern Russia. By LafargeHolcim Russia, Russia. Shchurovsky Cement has come a long way since its early production of around 1424tpa of cement and today has a capacity of over 2Mta In 1870 G...

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...