Cement News tagged under: Russia

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Fitch Ratings has affirmed LSR's 'B' outlook stable

20 July 2012, Published under Cement News

Fitch Ratings has affirmed OJSC LSR Group's (LSR) Long-term foreign currency Issuer Default Rating (IDR) at 'B' with a Stable Outlook and the senior unsecured rating of the outstanding bond issues at 'B'. The affirmations reflect LSR's sustainably strong position as a developer and construction materials producer in its core region of St. Petersburg and Leningrad region, Fitch said. LSR continues to diversify geographically towards the highly concentrated Moscow and Moscow region resident...

Equita sees Buzzi Unicem 2Q EBITDA rising

20 July 2012, Published under Cement News

Brokerage Equita expects Italian cement maker Buzzi Unicem to report second-quarter EBITDA of EUR158m, up by 13% on the year. SeeNews Italy reports that the broker expects the revenue to have grown 9% annually to EUR838m, thanks to the good performance in Russia and the USA which is seen to have offset the weak Italian demand. The sluggish Italian market can lead the management to carrying out a goodwill impairment of the domestic division, Equita said. The analysts lowered their 2012-201...

Sibirsky Cement first-half output rises 11%, Russia

12 July 2012, Published under Cement News

Sibirsky Cement has reported an 11 per cent YoY rise in output for the six months to June 2012 to 1.78Mt, the company said in a statement. The cement producer operates three  plants. Output of the Kemerovo Region’s Topkinsky Cement amounted to 1.21Mt, up 15% YoY. Meanwhile, Timlyuisky Cement, situated in the republic of Buryatia, rose 10% YoY to 186,800t.  Krasnoyarsky Cement, located in the Krasnoyarsk Region, reported flat volumes of 376,100t. Cement sales stood at 1.8Mt in January...

Italcementi/Siberia Cement dispute heads to Supreme Arbitration Court, Russia

08 June 2012, Published under Cement News

Italcementi, one of the world's largest makers of cement, expects to see its dispute with Russian cement maker Siberian Cement over a EUR 50mn forfeited commitment fee to go before Russia's Supreme Arbitration Court. The Italian company may see its appeal denied one more time by the Russian court. Back in 2008, SibCement won an auction to buy Italcementi's cement assets in Turkey for USD 850mn. The deal was duly approved by SibCement's Board and shareholders, and the Russian company paid th...

BaselCement unit appeals Eurocement’s claim, Russia

25 May 2012, Published under Cement News

BaselCement-Pikalyovo has filed an appeal against a decision by the Moscow Arbitration Court to raise a RUB111.2m for losses filed by Eurocement Group, according to local media reports. Eurocement Group was looking to increase the claimed amount in terms of non-received profits. The losses were incurred after BaselCement-Pikalyovo refused to supply nepheline slime to Eurocement group. On April 17, the Moscow Arbitration Court approved Eurocement’s claim. (Source: RIA Novosti’s agency)

Sibirsky Cement output rises 23% YoY Jan-Apr

18 May 2012, Published under Cement News

Sibirsky Cement increased cement output by 23% YoY to 982,000t in January-April, according to the holding’s statement released Friday. Cement sales amounted to 978,400t in January-April, up 23.6% on the year.

FLSmidth affirms 2012 outlook

15 May 2012, Published under Cement News

FLSmidth has affirmed its outlook for full-year 2012 as a strong order intake in 1Q confirms growth expectations and positive outlook. For the first three months of 2012, FLSmidth’s order intake increased 29% to DKK6421m and revenue increased 17% to DKK5145m. EBITDA rose 10% to DKK 469m. The profit for the period increased 39% to DKK 241m In terms of its cement division, the company said 1Q12 saw a very strong order intake of DKK 1,415m representing an increase of 169% compared to 1Q1...

Pikalyovsky Cement reports stable production in 4M12, Russia

11 May 2012, Published under Cement News

Russia-based producer, Pikalyovsky Cement (part of the Eurocement Group) has reported stable production results for the first four months of 2012. The company, which holds a leading position in the North-West Federal District, produced more than 464,000t of cement in the January-April 2012 period, up 1.1 per cent compared to the same period of last year. Clinker production amounted to 481,600t, representing a 9.5% YoY increase.

Eurocement places order with KHD for new plant, Russia

01 May 2012, Published under Cement News

Leading Russian cement producer Eurocement has placed an order for more than €80m with KHD for a new cement plant to be built in Stavropol, Russia. The contract between Stavropolsky Zavod Stroitelnih Materialov, a member of the Eurocement group, and ZAB Zementanlagenbau GmbH Dessau, a subsidiary of KHD Humboldt Wedag International AG, is for a new cement plant with an output of 1.3Mta. KHD’s scope will cover the EP supply of production equipment, starting from raw material crushing all th...

Eurocement increases stake in Holcim, Switzerland

12 April 2012, Published under Cement News

Russia's largest cement maker Eurocement has increased its stake in Holcim to 10.8 per cent, newspaper Handelszeitung reports in article to be published Thursday. Eurocement's owner, Filaret Galchev-Kaltsidis, has spent CHF100m (US$109m) to raise its holding from 10.1 per cent, the paper reports. "Our position in Holcim is now about 35 million shares, or 10.8 per cent. We have taken advantage of the low share prices for the purchase," Thierry Sauvaire, chief executive of Eurocement Holdi...