Displaying items by tag: Russia

Russia: Holdings company Smikom has won the auction to buy Eurocement from Sberbank. RBC News has reported the value of the deal as Euro2.1bn. Smikom, formerly known as BaselCement, will acquire a 100% share of Cyprus-based GFI Investments, which controls Eurocement Group. The final terms of the deal are still being agreed, according to sources quoted by the Russia-based media group. Neither Sberbank nor SmiKom have commented on the matter.

Sberbank acquired a 100% stake in GFI Investment in November 2020 following an increase in its debts in mid-2020. An electronic auction process for company then started in February 2021.

Eurocement is the largest cement producer in Russia operating 10 plants domestically and abroad.

Russia: SibCem subsidiary Angarskcement has replaced air ducts with local air blowers in its raw materials and clinker grinding units. The producer made the modification to the units’ three horizontal slurry tanks.

Managing director Dmitry Kireev said, “The programme to reduce the consumption of compressed air in the slurry section of the raw materials and clinker grinding facility will continue.” He added, “It is important for us to reduce the costs of energy resources consumed by slurry basins, since they directly affect the cost of the products manufactured by the plant.”

Russia: SibCem subsidiary Iskitimcement has added an eighth cement to its product line. The company has launched production of a CEM-I special Portland cement for use in roads and airstrips. It says that the product produces concrete with increased resistance to aggressive media, frost and water resistance and strength, lower heat generation during hardening and longer service life than concrete produced with Ordinary Portland Cement (OPC).

Managing Director Vladimir Skakun said, “Considering that the strategy for the development of the building materials industry until 2030 provides for an increase in the share of cement-concrete roads in the total volume of new roads in the country to 50%, we are preparing to increase the demand for road cements.” He added, “The development of a new type of product is another step in matching consumers’ changing needs.”

Russia: Siberian Cement Holding Company (SibCem) has appointed Andrey Rubtsov as its marketing director. He was previously the general director of Iskitimcement, a subsidiary of SibCem. Rubtsov holds a degree in management from the Novosibirsk State University of Economics and Management and a Master of Business Administration (MBA) from the Management College of Southern Africa (MANCOSA). He has worked in the cement industry since 2001.

Uzbekistan: Russia-based Eurocement has begun the auction for its 84% stake in Akhangarancement. Sputnik News has reported the total value of the stake as US$40.8m. In February 2021, Sberbank announced the start of a sale for the cement producer and its subsidiaries with the announcement of a buyer planned for April 2021.

Russia: Eurocement has expanded its cement range with a new CEM-II cement produced with the siliceous sedimentary rock tripoli. The group said that the product is suitable for use in settings requiring high durability, for example marine hydraulic structures and underground construction.

Sales and marketing vice president Alexey Kharchenko said, “Launching the innovative cement CEM-II/A-P 42.5N is the company's timely response to the request of the largest buyers and their need for a universal, economical and high-tech product for the construction industry in Russia. We focus on long-term work and trusting relationships with the client.” He added that the product has superior carbon index values compared to Ordinary Portland Cement (OPC), in line with Cement Industry Sustainable Development Initiative (CSI) recommendations.

Russia: Eurocement recorded earnings before interest, taxation, depreciation and amortisation (EBITDA) of US$182m in 2020, up by 6% year-on-year from US$172m. Sales remained consistent with 2019 levels at US$674m.

Interfax reports that the Auction House of the Russian Federation partly disclosed the group’s 2020 results in a presentation related to the sale of its parent company, GFI Investments, and related debts. Potential investors have until 15 March 2021 to submit price indications. The sale is scheduled for conclusion in April 2021.

Kazakhstan: Kazakhstan’s cement production increased to 10.8Mt in 2020. Kazakhstan Newsline has reported that 2020 is the first year in which domestic cement production has exceeded 10Mt. Capacity utilisation across the nation’s 16.5Mt/yr of installed cement capacity was 66%.

HeidelbergCement’s 0.8Mt/yr Caspi Cement plant exceeded its rated capacity by 10%. Kazakhcement’s 1.0Mt/yr Shar cement plant and ACIG’s 0.5Mt/yr Khantau cement plant both produced no cement in 2020. Gezhouba-Shiyeli Cement’s Shiyeli cement plant stood idle for several months in early 2020 when management and engineering staff became stranded in China due to the coronavirus outbreak.

Kazakhstan Association of Cement and Concrete Producers executive director Erbol Akymbaev said, “The production capacities of Kazakhstani factories exceed the needs of the domestic market by 41%: domestic consumption in 2020 amounted to just over 9Mt. Access to neighbouring markets is complicated by the fact that states protect their own producers. For example, in Russia, according to GOST, additional certification of imported products is required." He added that the cement industries of the two main cement exporters to Kazakhstan – Iran and Russia – are unregulated in terms of CO₂ emissions. Kazakhstan’s commitment to a reduction in its emissions of 15% by 2030 gives it a competitiveness disadvantage.

Azerbaijan/Russia: Holcim Azerbaijan has appointed Khalid Samaka as its chief executive officer (CEO). Previously he worked as the technical director at LafargeHolcim Russia since 2017.

Samaka has been succeeded as technical director at LafargeHolcim Russia by Artur Buzyurov. Previously he was in charge of cement plants in Kolomna and Voskresensk. He has worked for the company since 2001.

Italy: Buzzi Unicem’s net sales remained stable at Euro3.22bn in 2020. Cement sales volumes grew slightly to 29.3Mt and ready-mixed concrete sales fell by 3.1% year-on-year to 11.7Mm³ from 12.1Mm³. The group attributed this to growth in the US and stable markets in Russia and Germany, compensating for weaker trends in Eastern Europe and Italy.