Cement News tagged under: Russia

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Mechel, Russia, to supply 2-3Mt thermal coal to Tangshan Jidong

29 December 2016, Published under Cement News

On December 21, Mechel 0A0, a major metals and resource company in Russia, announced it had inked a supply contract with Tangshan Jidong Cement Co., Ltd., China for thermal coal. The contract term is from December 2016 to December 2017, during which time Mechel will supply 2-3Mt of Russian thermal coal to Tangshan Jidong Cement. The sales price of thermal coal is to be fixed every month based on then market. Tangshan Jidong Cement is a major cement company and subsidiary of Tangshan Ji...

Russia: Mechel to supply 2-3Mt coal to Tangshan Jidong

23 December 2016, Published under Cement News

Russian metals and resource company, Mechel OAO, announced it has signed a contract for the supply of 2-3Mt of thermal coal to Tangshan Jidong Cement Co. The contract term, which will see Mechel supply Russian thermal coal, runs from December 2016-December 2017. The sales price of the coal is to be fixed each month based on the prevailing market rate. Michael will ship coals produced by its subsidiaries such as Elgaugol, Yakutugol Holding Co and Southern Kuzbass Coal Co. Previously ...

Russia: market volume down in St Petersburg and Leningrad

13 December 2016, Published under Cement News

For 2016 cement demand in St Petersburg and Leningrad totalled 3.7Mt, falling short of the 4.3Mt estimated for the year in 2015. The main players in these markets are Eurocement Group, with a 58 per cent share, Cesla (18 per cent), Pikalevskaya Soda (14 per cent) and companies of the Eurocement Group in Belarus (six per cent).

Belarusian Cement and Eurocement Group sign collaboration contract

09 December 2016, Published under Cement News

Belarusian Cement Company and Eurocement Group, Russia, have signed a contract to regulate cooperation in 2017, according to the Belarusian Architecture and Construction Ministry. The agreement will ensure that deliveries will satisfy Russian demand for Belarusian cement and that 2017 deliveries will be at least as large as those in 2016. The contract was signed by Eurocement Group President, Mikhail Skorokhod, General Director of OAO Belarusian Cement plant, Igor Lozhechnikov, and Direct...

Russia: Kavkazcement upgrades packing and shipment facility

02 December 2016, Published under Cement News

Eurocement Group has started operation of a cement palletisation and shipment facility at Kavkazcement in Karachay-Cherkessia, northern Caucasus. A new automated bulk cement shipment system and enhanced dust control system will help speed up the shipment of products more than five-fold, improve customer services and working conditions at the plant.

Russia sees 9% fall in 3Q cement demand and output

22 November 2016, Published under Cement News

Russia’s cement consumption and output noted a nine per cent fall in the third quarter of 2016 when compared with the same period a year ago. Volumes decreased to 18.39Mt and 18.35Mt, respectively, according to Construction.ru. The market contraction has been attributed to a four per cent decrease in construction work volume. The country’s cement plants saw an average capacity utilisation of 70.4 per cent in 3Q16, down 7.3 percentage points when compared with 3Q15. Tulacement came at the t...

Russia: Mordovcement to invest 1.2bn

06 September 2016, Published under Cement News

Head of Eurocement Group, Mikhail Skorokhod, announced that Mordovcement has plans to invest RUB1.2bn (US$18.5m) over the next 18 months in development projects. RUB250m will be allocated to the development of a new quarry, which is set to commence preparation in 2017.

Russia: new general director appointed at Mordovcement

06 September 2016, Published under Cement News

Karel Okleshtek has been appointed the new general director of the Mordovcement plant (included in Eurocement Group). Previously, he headed a plant of the international group Heidelberg Cement.

Egypt sets out on a new course

05 September 2016, Published under Cement News

President Abdel Fattah al-Sisi has managed to return a certain degree of stability to Egypt, with the economy expected to show a gradual recovery. A broad infrastructure programme and robust housing demand is providing the foundation for a strong growth in construction, while the government is calling for the cement industry to increase its capacity. The urgent need to expand Egypt's inrastructure and deal with the considerable housing shortage are expected to drive cement demand f...

LSR sees 10% rise in 1H16 sales but 22% drop in EBITDA

31 August 2016, Published under Cement News

Russia’s LSR Group reported a 10 per cent increase in sales in 1H16 to RUB31.618bn. However, EBITDA fell by 22 per cent to RUB4.486bn and the company’s EBITDA margin stood at 14 per cent. Profit for the period decreased by 72 per cent to RUB1.1bn. The company’s net debt/EBITDA ratio was 1.09, according to a company press release. Andrey Mochanov, CEO and chairman of the Executive Committee of LSR Group, said: “The first half of 2016 brought many positive changes for us. The real estate mar...