Displaying items by tag: Ukraine
Ukraine: Dyckerhoff Cement Ukraine has reported a net loss of Euro8136 for 2014, a net revenue of Euro398,695. Compared to 2013, its net loss fell 7.2-fold and its revenue fell 6.6-fold.
Dyckerhoff Cement Ukraine plans to acquire the Volyn Cement plant in Rivne and the YUGcement plant in Mykolaiv. The plants are already part of Dyckerhoff and would be turned into separate divisions in order to increase sales in Ukraine. The planned production capacity of Volyn Cement is 2Mt/yr, while YUGcement produces 1.25Mt/yr of cement.
Dyckerhoff Cement Ukraine's shareholders will also consider the early termination of powers of the current supervisory board and the election of a new one.
Eurocement Ukraine cuts cement production by 22%
20 May 2015Ukraine: Eurocement Ukraine cut its cement production by 21.9% year-on-year to 1.09Mt in 2014. Its sales volumes decreased by 24.7% year-on-year to 1.09Mt, while its sales fell by 19.5% to Euro34.1m. Eurocement Ukraine has reported a loss of Euro11.7m for 2014, having decreased its net revenues by 23.6% to Euro34.3m.
Podilskiy Cement posts Euro121m loss for 2014
06 May 2015Ukraine: Podilskiy Cement has reported a loss of Euro121m for 2014, having upped its net revenue by 12.1% year-on-year to Euro53.8m. In 2013, it reported a loss of Euro4.95m. Podilskiy Cement has six cement kilns with a total capacity of 3.7Mt/yr. It is controlled by Ireland's CRH.
Eurocement-Ukraine reports Euro10m loss in 2014
23 March 2015Ukraine: Balakleya-based Eurocement-Ukraine has reported a loss of Euro10.4m for 2014, following a Euro848,334 loss in 2013.
Podilskiy Cement reports Euro123m loss for 2014
13 March 2015Ukraine: Podilskiy Cement, part of Ireland's CRH, has reported a loss of Euro123m for 2014, following a Euro5.05m loss in 2013. Podilskiy Cement enterprise has six kilns for the production of cement with the total capacity of 3.7Mt/yr.
Mykolaiv Cement appoints Andrii Zvyrynskyi as a board member
25 February 2015Ukraine: Mykolaiv Cement has appointed its commercial director Andrii Zvyrynskyi as a board member. He replaces Ruslan Koliada who occupied the post since September 2013 and has now been dismissed. Zvyrynskyi will hold the position until the recall of his candidacy by the supervisory board or a general stockholders' meeting. Previously he had been the commercial director of Mondy Packaging Behs Ukraine.
Kading to acquire majority of System Cement
02 February 2015Ukraine: Mining company Kading Companies has signed an agreement to acquire 70% of Ukrainian cement producer, System Cement Group (SCG). System Cement owns 100% of SCG, which is located in Vinnitsa, Ukraine. Kading said that its next objective would be to produce consolidated audited financial statements. Terms of the deal were not disclosed.
Kading Companies is focused on mining operations that are producing or can be producing within six months of acquisition. Kading is focused on a global basis, with its initial emphasis in South America, West Africa and now Ukraine.
Swiss CemIn West buys 96.6% of Ivano-Frankivskcement
23 December 2014Ukraine: Switzerland-based CemIn West SA has bought a 96.6% stake in Ukrainian building materials producer Ivano-Frankivskcement. The majority holding was bought from Cyprus-based companies Permixo Ltd, Basmaren Enterprises Ltd and Prenters Engineering Ltd, which sold their respective stakes of 36.98%, 20.76% and 13.3% in the Yamnitsa-based entity. Ivano-Frankivskcement manufactures cement, slate, asbestos cement pipes and concrete products. The plant made a net profit of Euro6.7m in 2013.
HeidelbergCement reopens Ukrainian cement plant
18 December 2014Ukraine: HeidelbergCement has reopened its plant in eastern Ukraine a month after shutting it. Separatists in the region wanted to impose their own agenda on the production process, the company said in November 2014. The situation has now changed and HeidelbergCement is about to sign a contact with a new security firm, according to CEO Bernd Scheifele. The re-launch of the production process was closely coordinated with the Foreign Office.
The conflict in Ukraine has led to serious infrastructure damage and thus the demand for building materials is high, according to Scheifele. The plant's capacity is 2Mt/yr of cement. The company generates Euro150m of revenue with its three Ukrainian sites, or a share of 1% of the total revenues. In 2014, however, turnover slipped by 30% due to the conflict.
HeidelbergСement Ukraine appoints Kovaliova to board
03 December 2014Ukraine: HeidelbergCement Ukraine has appointed Olena Kovaliova as Deputy Chairperson of the Management Board to replace David Andreas Johannes von Lingen. The company's Supervisory Board decided to terminate von Lingen's authority on 25 November 2014 ahead of the original scheduled date of 31 December 2014, according to a company statement. Von Lingen had been in port for three and a half years. The Supervisory Board appointed Kovaliova as the Board Deputy Chairperson from 1 January 2015 for three years until 1 January 2018.