Cement News tagged under: Russia

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Russia: New CEO at Zhigulevskie Stroymaterialy JSC

21 August 2012, Published under Cement News

Nikolay Skornyakov has been appointed CEO of Zhigulevskie Stroymaterialy JSC which is part of the Eurocement group Holding. Until now, Nikolay Skornyakov was Zhigulevskie Stroymaterialy's technical director.Nikolay Nikolayevich Skornyakov was born in 1950 in Ulyanovsk. In 1980 hegraduated from Belgorod State Technological Institute of Construction Materials majoringin chemical technology binders. Nikolay Skornyakov has been working in the cementindustry for about 40 years. He began his pro...

Sibirsky Cement 2011 net profit almost doubles, Russia

26 July 2012, Published under Cement News

Sibirsky Cement’s net profit almost doubled to RUB1.4bn (US$42.9m) in 2011 from around RUB700m in 2010, as calculated in accordance with International Financial Reporting Standards (IFRS), the company said in a statement on Thursday. Revenue increased by 42 per cent on the year to RUB12bn in 2011, while gross profit rose 52% to RUB6.9bn. EBITDA amounted to RUB3.03bn although no comparison was provided.

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.