Cement News tagged under: Russia
Sibirsky Cement first-half output rises 11%, Russia12 July 2012, Published under Cement NewsSibirsky 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, Russia08 June 2012, Published under Cement NewsItalcementi, 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, Russia25 May 2012, Published under Cement NewsBaselCement-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-Apr18 May 2012, Published under Cement NewsSibirsky 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 outlook15 May 2012, Published under Cement NewsFLSmidth 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, Russia11 May 2012, Published under Cement NewsRussia-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, Russia01 May 2012, Published under Cement NewsLeading 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, Switzerland12 April 2012, Published under Cement NewsRussia'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... |
Dyckerhoff may revive Russian cement plans28 March 2012, Published under Cement NewsDyckerhoff is currently examining options to revive plans for the construction of a cement factory in Akbulak, German newspaper Boersen-Zietung reports. According to the daily, plans for the new plant have been frozen for the past few years. Last year, the company boosted Russian cement deliveries by 33.7 per cent to 2.43Mt and prices by 6.6 per cent. This year, the company expects the overall Russian market to advance by 10.5 per cent as housing and infrastructure continues to drive dema... |
Sibirsky to pay out EUR4m on failed Set deal, Russia15 March 2012, Published under Cement NewsSibirsky Cement has paid out over EUR4m to the London branch of Netherlands-based ING Bank NV regarding a failed deal between the Russian producer and Italcementi for Turkish assets, according to local press reports. In 2008, Sibirsky concluded an agreement with ING Bank to organize the purchase financing of the Italcementi Set Group of Turkey which is a subisidiary of Ciments Francais (which, in turn is a unit of Italcementi). The deal was not completed and the bank demanded compensation... |