Displaying items by tag: Kazakhstan
CRH in talks to buy BaselCement
06 September 2011Russia/Kazakhstan/Ireland: Russian businessman Oleg Deripaska is holding talks to discuss selling up to 75% of his cement production company BaselCement to Ireland's Cement Roadstone Holdings (CRH). BaselCement CEO Vyacheslav Shmatov and CRH's press office declined to comment.
At present, BaselCement only has two operating facilities, one in Russia and the other in Kazakhstan. The company's plant in the Krasnoyarsk city of Achinsk produced 436,500t of cement in January to July 2011, up from 150,400t that it produced in the same period of 2010. BaselCement's plant in Kazakhstan produced 400,000t of cement in the whole of 2010.
The proposed deal could also include two cement plants with a combined annual production capacity of 3.5Mt/yr that are currently being built in the Ryazan and Novgorod regions. CRH has preliminarily estimated BaselCement's value at Euro550-600m (excluding its subsidiary BaselCement-Pikalyovo). BaselCement is forecast to have a net profit of Euro45.8m in 2011.
2013 start for HC Kazakh plant
04 July 2011Kazakhstan: HeidelbergCement plans to start production at a Euro200m cement plant in the western region of Mangistau in 2013 according to a statement made by the Kazakhstan Ministry of Industry and New Technologies on 27 June 2011. The plant will have an initial production capacity of 1Mt/yr of cement with the possibility of doubling its capacity in the future, the Ministry said.
HeidelbergCement has invested Euro70m in infrastructure around the plant, including roads, railway and electricity lines and living quarters for employees. The German cement company entered Kazakhstan in 2005 by purchasing Bukhtarma Cement Company, one of the leading cement producers in the country.