Displaying items by tag: Russia
Russia: According to SKRIN Newswire, in the first five months of 2015, Eurocement's Pikalevskiy cement plant shipped 11,700t of bagged cement to its customers, which is 23% more than in the same period of 2014.
Russia: According to SKRIN Newswire, on 30 June 2015, Verkhnebakanskiy Cement Works appointed FBK OOO as its auditor for 2015 and decided not to pay common dividends for 2014. A new board was elected, which included Igor Veremiy, Anatoliy Ziskel, Oleg Ivashchenko, Lev Kvetnoy and Yefim Starikov. Popova Galina was elected as the controller. On 1 July 2015, the board elected Lev Kvetnoy as its chairman.
Russian plant elects board chairman
03 July 2015Russia: The Board of Directors of Verkhnebakanskiy Cement Works elected Lev Kvetnoy as Chairman of the Board of Directors on 1 July 2015.
Lafarge suspends construction of Rostov cement plant
23 June 2015Russia: According to Esmerk Russian News, Lafarge has suspended the construction of a Euro710m cement plant in Rostov. The plant was scheduled to launch in 2016. The planned capacity of the first phase was 2Mt/yr of cement.
Eurocement asks for US$634m loan from Sberbank
22 June 2015Russia: Eurocement Group has asked the country's biggest bank Sberbank for a US$634m of project financing, according to company President Mikhail Skorokhod. "We expect that in the last 10 days of June 2015, we will be able to receive approval on this request from an interdepartmental commission," he said.
Sberbank has already approved US$248m from the total request, which will be spent on construction of its 10,000t/day (~4Mt/yr) Mikhailovsky plant in the Ryazan Region.
Eurocement also plans to attract US$300m of financing from Industrial and Commercial Bank of China and Bank of China to upgrade its plants. The request has been submitted to China's Sinosure, and is currently being reviewed.
Russia: According to Prime News, Mikhail Skorokhod, president of Eurocement Group, has said that the cement industry of the Eurasian Economic Union (EEU), which comprises Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan, may receive about Euro4.42bn of private investment until 2020.
"Speaking of plans until 2020, we expect to see launches of about 40Mt/yr of capacities and about Euro4.42bn of private investment will be needed for that," said Skorokhod, adding that investments in Russia will account for about 80% of the total sum. Investment in the sector amounted to Euro13.3bn until 2014 and production capacities totalling 45Mt/yr cement were launched.
Dako delivers 185t cement mill to Russia
12 June 2015Russia: According to Heavy Lift, Germany-based Dako Worldwide Transport has transported a 185t cement mill over 5700km from the manufacturer's location in Austria to a cement plant in Sterlitamak, Russia.
The mill, which measured 18.5m x 5.7m x 6m, was first loaded onto a barge in Linz, Austria for transport along the Danube River to the Romanian port of Constanta, where the cargo was loaded onto a vessel and shipped across the Black Sea to Rostov, Russia. From Rostov, the vessel travelled down the Volga-Don River system to eventually arrive at Nizhnekamsk, where the cement mill was lifted by a heavy lift port crane onto a ro-ro barge for onward transport down the Kama and Belaya rivers to Ufa, Bashkortostan.
On arrival at Ufa, the mill was unloaded using a bespoke roll-off jetty that had been designed and constructed by Dako in Russia. The company explained that this was extremely challenging due to the very low water level in the river at the time. Special steel plates were placed on the jetty and two heavy-duty prime movers were used to pull the 24-axle hydraulic trailer and its load off the barge and onto land. The same trailer was then used to transport the cement mill to its final destination in Sterlitamak, Bashkortostan by road. En route, the vehicle had to pass over several bridges, many of which had been reinforced for this transport.
Russia: Russia's cement consumption may fall by 5 - 10% in 2015, according to Eurocement Group forecasts. The cement market contracted by 9% in January - April 2015. The decline slowed to 4 - 5% in May 2015, according to preliminary data.
The situation on the construction market is currently unfavourable for cement production as borrowing is too expensive, which slows new construction and gives developers an incentive to monetise projects at the implementation stage. "Developers are currently trying to complete projects that are already underway, so consumption of finished products has increased and companies are reluctant to begin new construction projects, which takes a toll on cement consumption," said Eurocement president Mikhail Skorokhod.
Eurocement has continued to upgrade its cement plants and all of its plants will switch to the dry-process for cement production by 2020. The programme will boost Eurocement's production capacity to 60Mt/yr from 50Mt/yr. Capital investment in the upgrades will total an estimated Euro1.62bn.
At the start of July 2015, a 1.3Mt/yr capacity plant will be commissioned in Ulyanovsk region's Sengileevsky district, according to Skorokhod. The plant will have the option of shipping product on the Volga river, reducing some of Eurocement's logistical costs.
Eurocement supports LafargeHolcim merger
01 May 2015Russia: Eurocement has publically supported the merger between Lafarge and Holcim. In a statement the Russian producer and minority shareholder in Holcim said that it found the development potential of the merged company 'very positive'.
In late March 2015 Eurocement announced that it planned to vote against the LafargeHolcim merger unless the financial terms of the deal were altered. Subsequently in mid-April 2015, it then proposed its chairman Filaret Galchev to the board of directors of LafargeHoclim but Holcim said the proposal was submitted too late to be considered. Eurocement owns a 10.82% stake in Holcim.
Anhui Conch to build cement plant in Chelyabinsk
10 April 2015Russia: The government of Chelyabinsk and China's Anhui Conch Cement Company Limited are negotiating the construction of a cement plant. Anhui Conch has been provided several plots for assessment. According to general manager Wang Jianchao, a project scheme will be determined in the near future and will either consist of the modernisation of existing facilities or the construction of a new cement plant at undeveloped limestone deposits.