Cement News tagged under: Russia

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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...

Anhui Conch

24 August 2016, Published under Cement News

Anhui Conch has reported a 28.8 per cent fall in profits in 1H16, compared to the same period last year. Intense competition and overcapacity have been blamed for the decline, taking profit to CNY3.4bn (US$506m). Revenue also fell, slipping marginally by one per cent to CNY24bn (US$3.6bn). Sales volumes, however, were up by 11 per cent YoY at 128Mt while costs tumbled by 13.7 per cent, driven by lower raw materials, power and labour prices, leading to a 3.6 per cent boost to the company’s ma...

Russia: Anhui Conch signs Ulyanovsk plant agreement

21 July 2016, Published under Cement News

Anhui Conch Cement is planning to build a greenfield cement plant with a capacity of 5000tpd and an investment of US$500m in Ulyanovsk, Russia. The project will see the construction of a cement plant in the Terengulsky district of the Ulyanovsk region. According to Sergey Morozov, interim governor of the Ulyanovsk region, the agreement became a sort of a quality mark of an investment climate of the region. The governor’s press office indicates that the negotiations with the Chinese party...

PetroCem 2016

13 July 2016, Published under Cement News

The 9th PetroCem was held at the Astoria Hotel, St Petersburg between 24-26 April 2016. Some 500 delegates listened to a comprehensive programme that included leading cement producers and analysts as well as equipment suppliers, while a 50-stand exhibition provided expert knowledge and support. By ICR Research, UK. PetroCem 2016 opened with a distinguished line of speakers, including Igor Shikalov, Ilya Chigir, Mikhail Skorokhod and Ivan Borisov Mila German, conference organi...

Russia: demand set to fall by up to 12% in 2016

30 June 2016, Published under Cement News

Demand for cement in Russia may drop 10-12 per cent in 2016, according to a representative of Moscow-based Eurocement Group. "As concerns the cement demand forecast in Russia, we assume that the decline may remain in the same range as in 2015: in the vicinity of 10-12 per cent for 2016," the representative told the Interfax news agency. "Eurocement Group plans to sell about 20Mt of cement in Russia and approximately 3.5Mt on other markets, in Uzbekistan and Ukraine," the representative...

Russia: Verkhnebakanskiy Cement BoD appointments

30 June 2016, Published under Cement News

The Board of Directors of Verkhnebakanskiy Cement Works held a meeting on 27 June 2016 to appoint new member to the board. Lev Kvetnoy has been appointed as Chairperson and Igor Veremiy as Secretary of the Board of Directors.

China National Building Materials (CNBM)

29 June 2016, Published under Cement News

China National Building Materials (CNBM) plans to become a shareholder in Eurocement Group, Russia’s leading producer of construction materials. The deal, which was signed in China on 25 June, is believed to be worth US$5bn. According to local press reports, the input of funds is destined for modernising Eurocement’s existing plants along with the construction of new dry-process production lines. Eurocement currently operates 19 cement plants across Russia, Ukraine and Uzbekistan with a c...