Gornozavodsktsement FY16 net profit down to RUB370.8m
Gornozavodsktsement reported a -9.9 per cent drop in revenues to RUB3.65bn (US$64.7m) in FY16 vs RUB4.05bn in FY15, according to Russian accounting standards. FY16 net profi...
Russia
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Eurocement signs LoI for Uzbek cement plant
Russia’s Eurocement and Uzbekistan’s Uzqurilishmateriallari have signed a letter of intent (LoI) to build a cement plant in Uzbekistan. The new 2.4Mta works is expected to r...
The world in 2016 and outlook for 2017
This year will be a challenging year for the multinational cement companies, which are now faced by uneven economic performance in the emerging markets, combined with a new er...
Russia: Sibirsky Cement reports 17% drop in output
Production at the Russian cement company Sibirsky Cement fell 17 per cent YoY to 3.169Mt in 2016, said the company in a statement. The company attributed to declining sales to ...
Lithuania: Akmenes largely offsets decline in Russia exports
Preliminary data show that Lithuania’s Akmenes Cementas posted EUR51m in total revenue, down by EUR4.4m on 2015. Around 60 per cent of this revenue was generated in the domes...
Mechel, Russia, to supply 2-3Mt thermal coal to Tangshan Jidong
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 coa...
Russia: Mechel to supply 2-3Mt coal to Tangshan Jidong
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, ...
Russia: market volume down in St Petersburg and Leningrad
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 Euroce...
Belarusian Cement and Eurocement Group sign collaboration contract
Belarusian Cement Company and Eurocement Group, Russia, have signed a contract to regulate cooperation in 2017, according to the Belarusian Architecture and Construction Minist...
Russia: Kavkazcement upgrades packing and shipment facility
Eurocement Group has started operation of a cement palletisation and shipment facility at Kavkazcement in Karachay-Cherkessia, northern Caucasus. A new automated bulk cement ...