Displaying items by tag: Devnya

Bulgaria: The Bulgarian government has terminated Devnya Cement’s concessionary contract for the extraction of quartz sand for cement production from the Selski Nivi deposit. SeeNews has reported that the company requested the contract’s termination due to alterations to its production strategy in response to market conditions.

In 2018, Devnya Cement generated a revenue of Euro70.3m, which translated into Euro8.65m profit.

Bulgaria: Devnya Cement, part of Italcementi Group, has formally launched a Euro166m clinker and cement line at its plant near Varna on the Black Sea. The investment project, which was launched in 2012, included an overhaul of the existing conveyer belt for raw materials to the plant and the construction of new infrastructure, logistic and office facilities.

Bulgaria: Italcementi has launched its upgraded cement plant in Bulgaria, which is operated by its subsidiary, Devnya Cement. The upgrades will allow Italcementi to meet domestic demand and export demand from Eastern Europe.

"The new plant will enable us to respond to demand from the domestic market and from the neighbouring areas in Eastern Europe," said Italcementi Group chief executive officer Carlo Pesenti in a statement.

The revamp of the cement plant, located near the port of Varna in eastern Bulgaria, began in April 2012 and invovled an overall investment of more than Euro160m. Once the current test and commissioning stage has been completed on all the systems, the cement plant will be fully operational in early 2015. The new facility can produce around 4000t/day of clinker and about 1.5Mt/yr of cement.

The completion of the project will allow the group to consolidate its operations in Bulgaria, where it also runs the Vulkan grinding center in Dimitrovgrad, and boost its export capacity thanks to its proximity to the port of Varna West, which gives access to all the countries on the Black Sea and on the eastern part of the Mediterranean Sea.

The Italcementi Group entered the Bulgarian market in 1998 with the acquisition of Devnya Cement, followed in 1999 by the acquisition of Vulkan Cement. In 2013, the Group reported revenue of Euro59m in Bulgaria.

Bulgaria: Bulgarian cement producer Devnya Cement plans to launch a new Euro160m production line with a cement production capacity of 1.5Mt/yr in September 2014. The plant, which is near the Black Sea port city of Varna, currently has a cement production capacity of 2.5Mt/yr. Devnya Cement was acquired by Italcementi in 1998.

Bulgaria: Devnya Cement has announced that it has officially launched the construction phase of a Euro160m project to upgrade its production facilities. The company has signed up Chinese turnkey cement plant builder CBMI, a subsidiary of Sinoma International Engineering, as a general contractor for a new 1.5Mt/yr cement production line, which is set to begin operation in early 2015.

The upgrade represents a significant step up for the company, a subsidiary of Italy's Italcementi, which currently has a capacity of just 2Mt/yr.