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 shi...
Russia
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Russia sees 9% fall in 3Q cement demand and output
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...
Russia: Mordovcement to invest 1.2bn
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...
Russia: new general director appointed at Mordovcement
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 He...
Egypt sets out on a new course Premium
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 program...
LSR sees 10% rise in 1H16 sales but 22% drop in EBITDA
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...
Anhui Conch
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, t...
Russia: Anhui Conch signs Ulyanovsk plant agreement
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 construc...
PetroCem 2016
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 pro...
Russia: demand set to fall by up to 12% in 2016
Demand for cement in Russia may drop 10-12 per cent in 2016, according to a representative of Moscow-based Eurocement Group.