Cement News tagged under: Russia
Key election year for leading cement nations12 January 2024, Published under Cement NewsThe year 2024 is going to be a significant election year for the world, with several of the largest cement consuming nations going to the polls. This week, we look over the key markets of Bangladesh, Indonesia, Pakistan, Russia, the United States and Mexico, and assess the geopolitical risk on cement demand in these nations. Bangladesh boom Last Sunday, Bangladesh's Prime Minister, Sheikh Hasina, won a fourth straight term, giving her another five years in power. While controversial, Ms... |
Russian cement producers warn of escalating costs22 November 2023, Published under Cement NewsLeading cement producers in Russia have warned domestic regulators of a 17-30 per cent rise in production costs next year, caused by continually increasing costs related to logistics, energy and personnel. The result will inevitably lead to a rise in cement prices over the coming several months, they caution. Representatives of Soyuzcement, the national cement manufacturing union, have already sent a letter to Russia's Ministry of Economy and Ministry of Industry and Trade, informing the ... |
Soyuzcement warns of rising cement costs in 202415 November 2023, Published under Cement NewsRussia’s union of cement producers, Soyuzcement, has written to the country’s government warning of a 17-30 per cent YoY rise in cement costs in 2024 on the back of higher logistics and energy costs, higher interest rates, and rising salaries. According to the union, these increasing costs come on top of the 23-30 per cent hike in production costs already seen in 2023, reports bne IntelliNews. RosStat data supports Soyuzcement’s claims, stating that the average cost of purchasing cement in ... |
Buzzi SpA sees 1H23 volumes decline in Europe08 August 2023, Published under Cement NewsBuzzi SpA reported cement volumes declining across much of western Europe in the 1H23, while the USA saw volumes rise significantly. Hydraulic binders and clinker sales in Italy were stable in the first six months of the year (-0.3 per cent), thanks to the recovery recorded in the second quarter. Ready-mix concrete output contracted, albeit moderately (-2.5 per cent). Selling prices closed the half-year without any significant changes compared to the level reached at the end of 2022... |
Buzzi SpA reports consolidated EBITDA up 58% in 1H2307 August 2023, Published under Cement NewsBuzzi SpA announced its 1H23 results reporting that consolidated EBITDA stood at EUR575.3m, up 57.6 per cent compared to EUR365.1m of the previous year. The figure for the period under review includes non-recurring income of EUR3.6m. Profit before tax amounted to EUR552.9m (EUR119.8m in the previous year), considering a contribution of EUR80.6m from equity earnings (EUR57.6m in 2022) and positive net finance costs of EUR24.9m (-EUR56m negative in 2022). After income taxes of EUR121.7m... |
Buzzi Unicem posts 1Q23 consolidated net sales of EUR955.9m15 May 2023, Published under Cement NewsConsolidated net sales for Buzzi Unicem in the 1Q23 reached EUR955.9m, a rise of 19.5 per cent compared to EUR8000.1m the 1Q22. However, Buzzi Unicem reported to a decline in sales volumes for the group in the first three months of 2023, both for cement (-8.8 per cent) and ready-mix concrete (-12.2 per cent). The strengthening of cement prices offset lower volumes in sales. Cement sales totalled 5,803,000t in the 1Q23 compared to 6,363,000t in the 1Q22. Ready-mix sales totalled 2,364,... |
Buzzi Unicem defends itself against defamatory campaign13 March 2023, Published under Cement NewsBuzzi Unicem has refuted allegations against its reputation with a company statement issued on 10 March 2023. “We are aware of a defamatory campaign against Buzzi Unicem which has been launched since the beginning of February, aiming to undermine the company’s reputation. The dissemination of the contents has been taking place through posts on social networks and/or direct messages,” said the company statement. The defamatory comments claim that Buzzi Unicem SpA, a company domiciled in ... |
Kyrgyzstan production up 7% in 202224 February 2023, Published under Cement NewsThe Kyrgyz cement industry produced 2.666Mt of cement in 2022, according to the Eurasian Economic Commission. This represents a YoY increase of 7.1 per cent. Kazakhstan’s cement output reached 12.088Mt while in Russia cement plants produced 60.667Mt. Armenia’s cement output was over 1Mt, up by 17.7 per cent YoY. |
Eurocement becomes Cemros22 February 2023, Published under Cement NewsEurocement has changed its name to Cemros. The rebranding is aimed at renewing the company on a new stage of development since its acquisition by Smikom in 2021 for around US$2.2bn, following an auction held by Sberbank. An internal staff competition was held to find a new company name before a vote from a shortlist. Cemros invokes the words ‘cement’ and ‘Russia’ and was suggested by Eurocement employees, Evgeny Lukanovsky, Alexey Lotarev and Igor Efimov. |
Buzzi Unicem posts 16% rise in consolidated net sales in FY2210 February 2023, Published under Cement NewsBuzzi Unicem reports consolidated net sales at EUR3996m in FY22, up 16 per cent from EUR3446m in FY2021, also on LfL basis a rise of 9.6 per cent. Cement sales in Brazil and Russia helped the multinationals improved performance. Cement sales of the group amounted to 28.3Mt, decreasing by 9.2 per cent compared to 31.2Mt in 2021. Ready-mix concrete output, equal to 11.5Mm 3 , was also down compared to the 12.1Mm3 volumes of last year (-5.2 per cent). The positive price effect more than o... |