Displaying items by tag: Eurocement
Akhangarancement opens refractory plant
21 September 2017Uzbekistan: Akhangarancement has launched a 3500t/yr refractory plant. The unit was built by China’s Henan Dufu Machinery Manufacturing as part of an agreement between the Uzbek company and Russia’s Eurocement group, according to Uz Daily. The Uzbekistan refractory market is 7000t/yr and the new plant is anticipated to cover half of this. The plant also plans to increase its production capacity to 10,000t/yr to cover the local market and start exporting materials.
Uzbekistan: Uzqurilishmateriallari, with the Government of Uzbekistan, and Eurocement Group have signed a memorandum of cooperation in connection to joint projects including the construction of a cement plant. Filaret Galchev, Eurocement’s chairman of the board of directors, and Elyor Ganiev, the Ministry of Foreign Economic Relations, Investments and Trade, signed the agreement, according to Uz Daily. The deal includes cooperation towards building a 2.4Mt/yr cement plant with Eurocement’s local subsidiary Akhangarancement and plans for refractory and insulation materials projects. Altogether the investment is around US$220m. The agreement also includes cooperation in producing new ‘export-orientated’ building materials.
Mordovcement commissions new bagging line
28 March 2017Russia: Mordovcement, part of Eurocement Group, has commissioned a new bagging line using equipment from Newtec Bag Palletizing and OMS Systems. The pallet-free palletiser has a rate of 130t/hr or 2600 bags/hr processing bags of 40kg or 50kg. The cement producer invested over Euro950,000 on the new line and the upgrade is expected to increase the plant’s cement delivery volume to 9000t/day.
Uzbekistan: Russia’s Eurocement has signed an agreement with Uzqurilishmateriallari to build a 2.4Mt/yr cement plant. It is scheduled for completion by 2020. The new plant will be Eurocement’s second plant in the country and it will increase its total cement production capacity to over 4Mt/yr. Eurocement already owns a 84% stake in Uzbekistan’s second largest cement producer Akhangaracement after purchasing a 76% stake in it from Switzerland’s Zeromax in 2006.
Ahangarancement plant raises production in 2016
24 January 2017Uzbekistan: Ahangarancement JSC has increased its cement production by 5.2% year-on-year to 1.86Mt in 2016 from 1.78Mt in 2015. Clinker production grew by 4.9% to 1.34Mt from 1.28Mt, according to the Trend News Agency. In total, the Eurocement-owned cement producer’s sales of cement rose by 4.8% to 1.86Mt. Cement and clinker production rose by 4.1% and 3.4% respectively in 2015.
Belarus: The Belarusian Cement Company and Eurocement Group have signed a contract concerning deliveries of cement in 2017. In line with the agreement the deliveries will satisfy the demand for Belarusian cement on the Russian market. The deliveries in 2017 will be at least as large as in 2016, according to the Belarusian Telegraph Agency. The deal was signed by Eurocement Group President Mikhail Skorokhod, Director General of Belarusian Cement Plant Igor Lozhechnikov and Director General of Krichevcementnoshifer Vladimir Korchevsky.
Belarusian Architecture and Construction Minister Anatoly Cherny said that the Russian market is the key target market for Belarusian cement producers. He added that despite falling demand in Russia that the share of Belarusian cement on Russian Federation markets would grow larger.
Uzbekistan: Ahangarancement has increased its cement production by 6% year-on-year to 1.42Mt in the first nine months of 2016. Clinker production grew by 3.8% to 1.02Mt and cement sales volumes grew by 6.1% to 1.42Mt, according to the Trend News Agency. Ahangarancement, based at Ahagaran in Tashkent, is the second largest cement producer in the country. It is owned outright by Russia’s Eurocement.
Eurocement Group mulls upgrade at Savinskiy Cement Plant
05 October 2016Russia: Eurocement Group is considering implementing upgrades at its Savinskiy cement plant in the Arkhangelsk region. Production at the plant was stopped in 2010, according to the Rossiyskaya Gazeta newspaper. The plans were discussed at a forum in Sochi.
Arpad Farkas appointed general director of Lipetskcement
28 September 2016Russia: Arpad Farkas has been appointed general director of Lipetskcement, part of the Eurocement Group. Farkas previously ran a cement plant for Lafarge.
Eurocement to use CNBM investment to cut debt
01 July 2016Russia: Eurocement Group plans to use part of the funds raised from China National Building Materials Group Corporation (CNBM) to reduce its debts. The cement producer told Interfax that, although negotiations are on going, it wants to use some of the funds raised through the Chinese company’s participation in its capital to restructure current debt. It will also use the funding to invest in new ‘high-return’ areas.
Eurocement signed a partnership agreement with CNBM on 25 June 2016 during Russian president Vladimir Putin's visit to China. CNBM plans to develop its business in the construction materials market in Russia and the CIS, including by acquiring an equity stake in Eurocement Group. The total investment could be as high as US$5bn.