Cement News tagged under: United Cement Group
Fitch B+ rating for United Cement Group01 June 2023, Published under Cement NewsFitch Ratings has awarded a B+ rating to United Cement Group (UCG) . The positive outlook by the rating agency is due UCG’s large-scale modernisation as well as with an increase in profitability. The recent acquisition of construction glass producer Kvarts by UCG is also expected to lead to ongoing improvements in product diversifiaction and strengthening of financial stability. Moreover, the integration of Kyzylkumcement is anticipated to increase operating profitability. According to F... |
Kyzylkum Cement participates in project 'Green land'25 May 2023, Published under Cement NewsThis Spring, Kyzylkum Cement JSC (United Cement Group) has been planting 3000 saplings of elm and other ornamental trees and 200 saxaul saplings in Navoi region, Uzbekistan. This is the next stage of UCG holding's active participation in the ‘Greenland’ project aimed at greening areas of Uzbekistan, where historically industrial enterprises are placed. Previously, UCG supported the planting of 3200 seedlings of trees and planted 500kg of seeds of shrubs in the sanitary protection zone of ... |
Kant Cement opens new limestone deposit14 July 2022, Published under Cement NewsKant Cement Plant JSC ( United Cement Group ) has started the development of a new limestone deposit at the Agalatas quarry, Kyrgyz Republic. The “Severnaya Gryada” deposit will be able to provide the plant with raw materials, such as limestone with a higher calcium content, in the long term to reduce the consumption of crushed stone and subsequently minimise dust emissions into the air. Kant Cement plant has been successfully using fly ash as an additive in cement grinding for more th... |
Bekabadcement to work on International Transport Corridor22 June 2022, Published under Cement NewsBekabadcement , part of the United Cement Group Holding , has become a partner of the key project to build the International Transport Corridor connecting Uzbekistan and Kazakhstan. Central Asia is one of the most booming markets and an area for the implementation of large international projects. United Cement Group (UCG) contributes significantly to the economic development of Central Asia countries and takes an active part in projects of regional development. The UCG plant products ar... |
BekabadCement to launch customer services service15 June 2022, Published under Cement NewsIn the autumn of 2022, BekabadCement JSC , (united Cement Group) is going to launch own customer support service. This lab will be opened at the grinding station in the city of Yangiyo’l , Uzbekistan. The lab will focus on automatic sampling and express analysis of concrete mixtures and soils using the latest foreign technologies. Its services will help select and adjust the composition of the mixtures according to the actual needs of each customer. At the same time, the technic... |
United Cement Group privatises Qizilqum Cement05 January 2022, Published under Cement NewsUnited Cement Group is privatising Qizilqumcement JSC, according to the investment company UzAssets, which operates under the State Assets Management Agency of Uzbekistan. UzAssets reached an agreement on the sale of a 86.92 per cent stake held by the Uzbek state to United Cement Group through United Cement Group plc for UZS1.89trn. The cost of the transaction significantly exceeds the level of recent similar transactions in the industry, UzAssets notes. United Cement Group undertook obli... |
Saudi Cement buys 37% share of United Cement17 August 2021, Published under Cement NewsSaudi Cement Co has acquired a 37 per cent stake in United Cement Industrial Co (UCIC) for SAR28m (US$330,426), as announced in Saudi Cement’s 2Q21 company report. Accordingly, Saudi Cement increased its stake in the subsidiary from 63 to 100 per cent. The company purchased items of property and equipment for SAR24.94m in the 1H21, while additions to capital work in progress amounted to SAR9.35m. UCIC, which was established in 2013, operates a 2Mta integrated cement plant ... |
Chinese producers report declines in net profit19 March 2013, Published under Cement NewsThree China-based cement producers have reported declines in net profit and operating revenue for 2012. China Shanshui Cement reported a 31.8 per cent decline in net profit to CNY1.52bn during the year. Operating profit slid 4.2 per cent YoY to CNY16.16bn, with basic earnings per share of CNY0.54. United Cement Group Corp, a centrally government-run cement company, saw a 65 per cent drop in net profit for 2012 to HK$26.83m while operating revenue was down three per cent YoY to HK$705m.... |
Control of Bekabadcement transferred, Uzbekistan06 July 2012, Published under Cement NewsControl over producer Bekabadcement has been transferred from industrial holding United Cement Group (UCG) to the Uzbek State Committee for State Property Management, a regional media report. "The Supervisory Board of Bekabadcement has decided to include in the register of shareholders of Uzbekistan State Property Committee, which holds 51.53 per cent stake," the report said. The reason for this decision was the ruling of Tashkent Province Court for Criminal Cases. In Janua... |
Page
1
of
1
1