Cement News tagged under: Russia
Former SibCem CEO nominated to return as director, Russia07 March 2013, Published under Cement NewsOne of Sibirskiy Cement (SibCem) founders, former President and CEO Andrey Muraviev has been nominated for the holding company's board of birectors, according to the RUXX Index which tracks SibCem said in a statement released yesterday. SibCem shareholders explain their decision to nominate Muraviev by their hope that "the former executive's experience would help the company recover its market share and excellent financial performance." SibCem is a major Russian cement producer, with asse... |
Russia’s Antimonopoly Service blocks Siberian deal01 March 2013, Published under Cement NewsRussia’s Federal Antimonopoly Service (FAS) has disallowed a deal for cement producer Russkyaya Tsementanaya Kompania to acquire a 100 per cent shareholding in fellow cement producer Iskitimtsement, according to local press reports. In its ruling, the FAS said it believed the deal would result in limited competition in the Siberian cement market and increased prices, SKIRIN news agency reported. The FAS had previously blocked the sale of a 90 per cent stake in Iskitimtsement to Sibirsk... |
Dyckerhoff to take impairment charge on Russian project25 January 2013, Published under Cement NewsGerman cement major said it is to take an impairment charge of approximately EUR26m on fixed assets due to a cement project in Russia that was halted in 2009. Due to the impact of the global financial crisis, Dyckerhoff stopped construction of the new plant and construction has not resumed to-date. Following an extensive analysis conducted by the company, Dyckerhoff has said that construction of the project at the planned location “is not assured in the foreseeable future.” Therefore an i... |
Eurocement Group to invest over EUR1.5bn in expansion14 December 2012, Published under Cement NewsRussia's leading cement producer Eurocement Group is to invest over EUR1.5bn in five expansion projects of its production facilities until 2015. Among them, the plant in Voronezh Province, with a capacity of 2.4Mt, is to be put into operation by the end of 2012. Another project involves the installation of new production facility with the capacity of 1.3Mt in the Nevyansky Tsementnik plant in the Sverdlovsk Province. (Source: SKRIN Newswire). |
Recent orders for Fritz & Macziol from Holcim Russia13 December 2012, Published under Cement NewsFollowing the implementation of the VAS logistics solution in two cement plants belonging to Holcim Russia, Fritz & Macziol has strengthened its position in the Russian market. VAS systems have been in operation at the Volsk Holcim plant since summer 2012, and now the Shurovskyi plant at Kolomna is following suit. Holcim is also beginning to implement real time monitoring in the form of VAS 5, through which truck routes can be traced through various stops, drop-offs and pickups. ??The ext... |
Eurocement announces new expansion project, Russia04 December 2012, Published under Cement NewsRussia's leading cement producer Eurocement plans to invest around RUB12bn (US$387.7m) to build a dry-process line at its Nevyansky Tsementnik plant in the Sverdlovsk Region, the regional government reported on Monday. The new line will have a capacity of 1.3Mta. The company will invest its own and borrowed funds into construction of the project. |
Russian order for FLSmidth26 November 2012, Published under Cement NewsFLSmidth has won a contract worth approximately DKK200m from the Russian company Kaluga Cement Plant LLC to supply additional equipment for its cement plant currently under construction in the Kaluga province, some 300km southwest of the Russian capital of Moscow. This contract is an extension of the contract which FLSmidth won in 2011 from Kaluga Cement Plant LLC for the supply of a complete cement plant. "The award of this order to FLSmidth underlines the strength of our good relations... |
Sibirsky Cement sales up 6% in 10M201219 November 2012, Published under Cement NewsRussia’s Sibirsky Cement increased its sales by 6% to 3.561Mt in the first 10 months of 2012, the company said in a press release. The company’s production rose by 5.5% to 3.543Mt in Jan-Oct 2012. Based in the Kemorovo Region, Sibirsky Cement operates three works and commands an annual production capacity of around 5.3Mta. |
Novoroscement signs financing agreement with VTB Bank07 November 2012, Published under Cement NewsVTB Bank has signed an agreement with Novoroscement, the largest cement producer in southern Russia, to provide a RUB920m (US$29m) credit line to finance the company’s current operations. “The borrowed finds will be used to finance the current activities of the enterprise,” VTB said. The bank declined to disclose the maturity and terms of the credit line. Novoroscement has three cement plants in the Krasnodar Region with a combined capacity of over 4Mta of cement. VTB and Novoros... |
Dyckerhoff reports stable nine month volumes06 November 2012, Published under Cement NewsDyckerhoff reported stable volumes for the first nine months of 2012 as the recovery in Russia and USA almost counterbalanced declines in the other regions. Sales increases in the Eastern Europe and USA divisions also offset decrease in the Germany/Western Europe division. Germany and Western Europe fell seven per cent to EUR588m from EUR633m. Sales in Eastern Europe rose by seven per cent to EUR487m from EUR456m. Sales in the US were up 24 per cent to EUR160m from EUR129m. Group EBITDA ... |