Cement News tagged under: Russia
Mechel signs memorandum with Jidong Cement10 June 2015, Published under Cement NewsRussian mining and metals company Mechel ОАО signed a coal supply memorandum with Chinese cement producer Jidong Cement. According to the signed memorandum, Mechel is due to supply 1Mt of steam coal produced at Neryungrinsky and Elga open pits to Jidong Cement between April 2015 and March 2016. The price and exact volume of the supplies will be determined on a monthly basis. The sides also agreed to consider expanding further their cooperation into supplies of metallurgical coals to Jidon... |
Buzzi improves in the USA & central Europe11 May 2015, Published under Cement NewsBuzzi Unicem's first-quarter turnover increased by 3.4 per cent to EUR513.39m and the EBITDA went from a EUR10.26m to EUR27.15m. The loss at the trading level was reduced by 48.6 per cent to EUR19.24m. Net financial charges increased by 31.3 per cent to EUR43.01m giving a seasonal pre-tax loss 24.5 per cent lower at EUR46.16m. Net debt at the end of March was 6.6 per cent higher at EUR1133.3m, giving a gearing level of 45.1 per cent compared with 45.5 per cent a year earlier. Cement deli... |
Anhui Conch Cement Co29 April 2015, Published under Cement NewsEarlier this month a delegation from Anhui Conch Cement Company Ltd met with the governor of the Chelyabinsk region in Russia to discuss the possibility of setting up a cement plant in the South Urals. During the four-day visit, various sites were inspected along with the Atlyan limestone deposit near Miass and the Slavyansk deposit near Bakal. The company is reportedly yet to decide whether to upgrade the wet production facilities at the Magnitogorsk Iron and Steel Works or to launch a new ... |
Conch reportedly in discussions for Chelyabinsk plant, Russia10 April 2015, Published under Cement NewsThe government of the Chelyabinsk region (Urals) and China's Anhui Conch Cement Co (ACCC) are negotiating the construction of a cement plant, according to Russian news sources. Conch has been provided several plots for assessment, the reports state. According to General Manager Wang Jianchao, a project scheme will be determined in the near future, whether to modernise existing production facilities or build a new at an undeveloped deposits. (Source: Esmerk Russian News) |
Russia: Gornozavodsktsement to raise output09 April 2015, Published under Cement NewsGornozavodsktsement, based in the Volga region of Russia, plans to produce 1.55Mt of cement worth RUB4.49bn (EUR74.01m) in 2015). The company, which has a capacity of 2.2Mta, produced 1.578Mt in 2014 (+3 per cent against 2013). Revenue amounted to RUB4.472bn (+3.5 per cent). Net profit totalled RUB941m against RUB 838m in 2013. |
Buzzi Unicem returns to a net profit30 March 2015, Published under Cement NewsOn a turnover just 0.1 per cent lower at EUR2506.4m, Buzzi Unicem's underlying EBITDA did increase by 7.1 per cent to EUR404.8m in 2014, while at the headline level there was a 4.8 per cent advance to EUR422.7m. Following a 23 per cent reduction in impairment charges, depreciation and amortisation, the trading profit (EBIT) more than doubled from EUR86.5m to EUR178.7m. After a net interest charge 52.1 per cent lower at EUR53.1m, the pre-tax profit jumped from just EUR16.0m to EUR175.6m. A... |
Russian demand expected to fall 15% YoY02 March 2015, Published under Cement NewsRussian cement demand is expected to decline by 15 per cent this year on the back of a reduction in housing and infrastructure development, according to forecasts by CMPRO. A recent note by the research house states that sales have dropped by at least five per cent since the start of 2015. The slow decline may continue for several years, it added. Lafarge expects that the strongest drop, by some 8-12 per cent, will be seen in central regions of Russia. Siberian Cement has predicted that ... |
Belarus to export 1.8Mt in 201506 February 2015, Published under Cement NewsBelarusian manufacturers are expected to export 1.8Mt of cement in 2015, including 1.3Mt to be supplied to Russia's Eurocement, Construction Minister, Anatol Chorny, told reporters in Minsk on Thursday. Belarus sold 980,000t of cement to Eurocement in 2014, Mr Chorny noted. "This year we have signed an exclusive contract for the supply of 1.3Mt,” he said. “The contract is advantageous to Belarus because 50 per cent of the total amount shall be paid in advance and the rest shall be pai... |
Russia: LSR completes cement divestment23 January 2015, Published under Cement NewsLSR Group has completed sale of its cement plant located in Slantsy, Leningrad region, to Russian market leader, Eurocement. Following closure of the deal, Eurocement has now acquired full operating control over the facility based in northwest Russia. The plant, which began operations in September 2010, operates a 5000tpd clinker line and has a cement output of 1.86Mta. In a statement released yesterday, LSR reiterated that the divestment is part of its strategy of focusing on projects ... |
Russia: Angarsk Cement full-year output up 8% YoY16 January 2015, Published under Cement NewsAngarsk Cement and Mining Plant increased the output of cement to 770,000t in 2014, up eight per cent YoY. Clinker production edged ahead one per cent to 624,000t. The plant targets minimum cement production of a minimum of 715,000t this year. |