Cement News tagged under: Russia

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Russia: Spassktsement net profit falls to RUB365.25m in 2015

23 May 2016, Published under Cement News

Net profit of Spassktsement OAO fell to RUB365.25m (US$5.45m) in 2015, a drop from RUB1.05bn over the same period in 2014, the company reported. Revenue increased in the accounting period by 0.71 per cent to RUB6.04bn from RUB6bn over 2014. The costs of goods sold grew by 10.79 per cent to RUB3.2bn from RUB2.88bn. Meanwhile, profit from sales fell by 29.49 per cent to RUB921.22m from RUB1.31bn.

Russia: new cement plant for Dagestan

16 May 2016, Published under Cement News

Azerbaijani investors will build a 1.8Mta cement works, Dagestan Cement Plant, and a 30ha Trade and Logistics Centre between Makhachkala and Kaspiysk, according to Ramadan Abdulatipov, head of the Republic of Dagestan of the Russian Federation following his visit to Baku. The Dagestan coast of the Caspian Sea is earmarked as an area for high-quality tourist infrastructure and Azerbaijani investors have been invited to help construct tourist, recreational and therapeutic complexes, hotels a...

Russia: Ninth PetroCem conference gets underway

26 April 2016, Published under Cement News

The ninth PetroCem Conference and Exhibition opened its doors on Monday when Russia's cement industry and more than 500 international delegates met for discussions in St Petersburg for the first of a two-day meeting. Journal Cement editor and conference organiser, Mila German opened proceedings and was pleased to see how the event had grown since the first PertoCem conference in 2000. While the Russian cement sector is facing somewhat of a crisis, Mila German said, "the cement sector i...

The BRICs come under pressure

08 April 2016, Published under Cement News

While the cement world has been concentrating on the slowdown in China and the large-scale mergers in India's cement sector, there has been little notice to the plight of other BRIC countries that are underperforming and are not attracting the investment that had previously put them at the top of the growth chart.
 The Economist Intelligence Unit this week observed that: "It has been clear for some time that the BRICs has had its day. While China and India have largely lived up to the grou...

Russia: LSR Group appoints members to the board at its AGM

06 April 2016, Published under Cement News

LSR Group has elected its new Board of Directors, consisting of nine members. The new board will now consist of: Aleksandr Vakhmistrov, Olga Sheikina, Evgeny Yatsyshin, Dmitri Gontcharov, Vasily Kostritsa, Andrey Molchanov and the three independent directors - Aleksey Makhnev,Vitaly Podolsky and Alexander Prisyazhnyuk. The AGCM also approved the annual report of OJSC LSR Group for 2015, prepared in accordance with FFMS requirements and annual financial statements 2015 (RAS) and decided to p...

Sberbank and Eurocement agree debt restructuring deal

16 March 2016, Published under Cement News

Russia's leading cement producer, Eurocement group, and Sberbank CIB have agreed on conditions for restructuring the company’s loan portfolio. The deal envisages pushing back loan repayments worth RUB42bn (US$597.8m) and US$360m by up to six years and optimisation of interest rates. The conditions for restructuring the debt portfolio will enable Eurocement group to take a more flexible approach to financing its operational activities and help it achieve strategic goals. "Sberbank C...

Russia’s Sberbank reportedly selling LafargeHolcim stake

04 February 2016, Published under Cement News

Sberbank, Russia’s largest lender, is selling a stake in Swiss cement business LafargeHolcim Ltd valued at about CHF1.5bn (about US$1.5bn), Bloomberg reported late Wednesday, citing a termsheet. UBS Group AG is sole bookrunner on the sale of 37.2m shares, the terms showed. Sberbank acquired a 6.12 per cent stake in LafargeHolcim in January from Eurocement Holding AG as part of a repurchase agreement, making the Russian lender the third-largest stakeholder. Sberbank and Eurocement signed a ...

PSR selects second Siwertell road-mobile unloader

10 November 2015, Published under Cement News

Siwertell, part of Cargotec, secured a second order for a road-mobile ship unloader from Russian company PSR Primstroyresource, based in Vladivostok. The latest contract is for a next-generation, diesel-powered, trailer-based Siwertell 10 000 S unloader, fitted with a double bellows system and dust filter. It will be used to unload cement on the Island of Sakhalin at a rated capacity of 300tph. The order was received in September 2015 and the delivery is planned for March 2016. Commenting...

Pikalevskiy Cement to produce higher-quality cement

13 October 2015, Published under Cement News

Mikhail Skorokhod, president of Eurocement Group, visited Pikalevskiy Cement plant where a new dry-process line is being constructed.The project is part of ongoing modernisation efforts at Eurocement's cement works. Eurocement Group is currently actively pursuing opportunities to expand its sales area, including the supply of clinker for export. As a result, Pikalevskiy's technical engineers have improved the indicators of clinker quality in recent months. The president has set the...

Voronezh Cement output reaches 1Mt, Russia

16 September 2015, Published under Cement News

Voronezh Cement, part of the Eurocement group, produced 1Mt as at 3 September 2015, some 100,000t more than the same period of last year. The dry-process plant is located 200km south of Voronezh, and is well placed for road and rail transportation.