Former SibCem CEO nominated to return as director, Russia
One of Sibirskiy Cement (SibCem) founders, former President and CEO Andrey Muraviev has been nominated for the holding company's board of birectors, according to the RUXX Index...
Russia
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Russia’s Antimonopoly Service blocks Siberian deal
Russia’s Federal Antimonopoly Service (FAS) has disallowed a deal for cement producer Russkyaya Tsementanaya Kompania to acquire a 100 per cent shareholding in fellow cement pr...
Dyckerhoff to take impairment charge on Russian project
German cement major said it is to take an impairment charge of approximately EUR26m on fixed assets due to a cement project in Russia that was halted in 2009. Due to the imp...
Eurocement Group to invest over EUR1.5bn in expansion
Russia's leading cement producer Eurocement Group is to invest over EUR1.5bn in five expansion projects of its production facilities until 2015. Among them, the plant in Vorone...
Recent orders for Fritz & Macziol from Holcim Russia
Following the implementation of the VAS logistics solution in two cement plants belonging to Holcim Russia, Fritz & Macziol has strengthened its position in the Russian market....
Eurocement announces new expansion project, Russia
Russia's leading cement producer Eurocement plans to invest around RUB12bn (US$387.7m) to build a dry-process line at its Nevyansky Tsementnik plant in the Sverdlovsk Region, t...
Russian order for FLSmidth
FLSmidth has won a contract worth approximately DKK200m from the Russian company Kaluga Cement Plant LLC to supply additional equipment for its cement plant currently under con...
Sibirsky Cement sales up 6% in 10M2012
Russia’s Sibirsky Cement increased its sales by 6% to 3.561Mt in the first 10 months of 2012, the company said in a press release. The company’s production rose by 5.5% to 3...
Novoroscement signs financing agreement with VTB Bank
VTB Bank has signed an agreement with Novoroscement, the largest cement producer in southern Russia, to provide a RUB920m (US$29m) credit line to finance the company’s current ...
Dyckerhoff reports stable nine month volumes
Dyckerhoff reported stable volumes for the first nine months of 2012 as the recovery in Russia and USA almost counterbalanced declines in the other regions. Sales increases in ...