Cement News tagged under: Ukraine
Buzzi completes sale of Ukraine operations to CRH15 October 2024, Published under Cement NewsFollowing the approval received from the local antitrust authority on 5 September 2024, Buzzi has completed the closing of the sale of its assets in Ukraine to CRH, which was signed on 20 June 2023. The sale price amounts to EUR0.1bn. In Ukraine, Buzzi has been operating two fully-integrated cement plants and two cement distribution terminals, in addition to ready-mix concrete plants in three cities. Total revenue for the full fiscal year 2023 amounted to EUR85.6m with an EBITDA of EU... |
Ukraine's antimonopoly committee clears CRH acquisition of Dyckerhoff Cement Ukraine06 September 2024, Published under Cement NewsThe Antimonopoly Committee of Ukraine (AMCU) has approved the deal by CRH Ukraine BV to acquire shares of PRJSC Dyckerhoff Cement Ukraine , according to an AMCU website report. The acquisition will provide the buyer with over 50 per cent of the voting shares on the PrJSC Dyckerhoff Cement Ukraine board. The AMCU also gave permission to implement the measures provided for in the purchase and sale agreement that prevent competition (Subparagraph 16.1 of Paragraph 16 of the Share Purchase a... |
Ukraine's reconstruction efforts boosts cement production12 August 2024, Published under Cement NewsUkraine 's cement association, Ukrcement, reported that the country has increased its cement production by 25 per cent in response to growing reconstruction needs. Data for the January-June 2024 period shows that members of Ukrcement boosted their production by 24.4 per cent compared to the same period in 2023 (a total of 3.7Mt). The association highlighted the strength of its member enterprises, continuing to adapt and produce construction materials despite the ongoing difficulties of the ... |
Antimonopoly committee conducts market test on CRH deal09 August 2024, Published under Cement NewsOn 1 August, the Antimonopoly Committee of Ukraine (AMCU) conducted a market test for the acquisition of two Buzzi cement plants by CRH . This test was the penultimate step on the way to finalising the deal. The market test was comprised of surveys from industry stakeholders such as consumers, industry experts and other market participants. The AMCU often uses this tool to assess the viability of large-scale mergers and acquisitions. The test follows the AMCU announcement on 25 July ... |
Buzzi sees weak regional volume performance in 1H2407 August 2024, Published under Cement NewsBuzzi Spa signalled that unfavourable weather conditions and falling sales contributed to regional performances being slightly down in the 2Q24, leading to lower cement volumes in the 1H24. Cement and ready-mix concrete sales in Italy declined in the first six months of 2024 by 5.9 per cent and 6.4 per cent, respectively, due to the abundant rainfall across the country during the spring months. Net sales in Italy came in at EUR414.4m, down 2.3 per cent from EUR424.1m in the 1H23. EBITD... |
Ukrcement appeals to the government to amend electricity import rates11 July 2024, Published under Cement NewsUkraine's cement association, Ukrcement, has appealed to the government to amend the current electricity import rate of 80 per cent. Under the country’s martial law, cement producers are obliged to purchase at least 80 per cent of electricity at European prices from the EU to avoid supply restrictions. On 27 October 2023, CMU Resolution No 1127 guaranteed the supply of electricity for domestic producers, provided that 30 per cent of supply was purchased from the EU and 70 per cent from d... |
CEMARK ready to play its part in Ukraine's recovery04 June 2024, Published under Cement NewsCEMARK ( CRH Group ) Director of Strategy and Development, Mykhailo Bechkalo, is confident that CEMARK will play a big role in the reconstruction of Ukraine. Mr Bechkalo believes that the cement industry is a strategically important sector for recovery. He spoke about this in a new material for the Ministry of Finance. “Significant investments are needed to modernise part of the industry and meet market needs. CRH is a leading global provider of building materials solutions. Operating under... |
CRH continues to invest in Ukraine08 May 2024, Published under Cement NewsCRH has invested a total of US$80m in Ukraine since the start of the Russia-Ukraine conflict, according to Guillaume Cavalier, president of CRH in Central and Eastern Europe. This brings the company’s investment in Ukraine over its 25-year history in the country to over US$500m, reports bne IntelliNews. “Investing in the expansion of production now is crucial to ensure the potential growth of the Ukrainian cement market following its integration into the EU,” Cavalier remarked, highli... |
Cement consumption in Ukraine increased 17% in 202319 April 2024, Published under Cement NewsCement consumption in Ukraine rose by 17 per cent last year, up 5.4Mt compared to 2022, says Pablo Kachur, head of the country's cement association, Ukrcement Association. “A similar jump is not predicted this year, but we will probably get 6Mt of domestic cement consumption,” said the representative. Ukraine’s peak pre-war consumption was 10.6Mt (2021), according to The Global Cement Report, 15th Edition . This figure fell to 4.5Mt, following Russia’s invasion of the country in 2022,... |
Polish cement producers voice concern over Ukraine imports08 April 2024, Published under Cement NewsThe Association of Polish Cement Producers has raised concerns over the 350 per cent surge in cement imports from Ukraine. "The scale of imports from Ukraine is growing almost every month, reaching nearly 50 per cent of total imports in January 2024. These volumes are deeply concerning," remarked the association's Zbigniew Pilch. In 2023 Ukraine exported 330,000t of cement to Poland, while domestic production in the latter fell by 11.9 per cent YoY to 16.6Mt. The association cites issue... |