Displaying items by tag: Ukraine

Ukraine: Mykolaivcement has reported a loss of US$5.47m in 2013. Its revenue fell by 10% to US$46.6m from US$5.28m in 2012. In 2012 Mykolaivcement reported a loss of US$5.79m according to the Ukranian News agency.

The cement producer based in Mykolaiv, Lviv region also makes paving slabs and facade tiles, concrete, pavestone and other construction materials. In April 2013 Cement Roadstone Holdings held talks with Lafarge on the acquisition of the company. Lafarge Ukraine Holding owns 99.26% of shares in the factory.

Ukraine: Podilskiy Cement has preliminary reported a loss of US$7.4m in 2013. The CRH subsidiary reported a US$6.5m loss in 2012 despite increasing its revenue. The wet process cement plant has six production lines with a total cement production capacity of 3.7Mt/yr.

Ukraine: Yugtsement company has dismissed its commercial director Tetiana Kazakevych. She was dismissed in compliance with the resignation statement that she submitted previously, according to the Ukranian News Agency. She had occupied the positions since 2001. The company is part of Dyckerhoff Ukraine, which runs three cement plants in the country.

Ukraine: On 1 January 2014 Volyn Cement (part of Dyckerhoff Ukraine) relieved two members of the supervisory board, chairman of the supervisory board Otto Lose and supervisory board member Volker Sonnabend. The posts remain vacant.

Volyn Cement suffered a loss of Euro2.69m in 2012 according to the International Financial Reporting Standards. Its net revenues increased by 1.85% year-on-year to Euro59.2m in 2011.

Ukraine: The supervisory board of Eurocement Ukraine has relieved acting director-general Vitalii Horholiuk and appointed Oleg Lopatin director-general, according to a company statement. The decision to dismiss Horholiuk was due to Lopatin obtaining a work permit for Ukraine. Previously, Lopatin managed the Voronezh branch of Eurocement Group, based in Moscow, Russia.

Ukraine: France's Lafarge has announced the sale of its cement activities in Ukraine to Ireland's CRH for an enterprise value of Euro96m. The deal comprises one wet process cement plant located in the Lviv region, in the western part of the country. The Global Cement Directory 2013 lists the plant's capacity as 1.7Mt/yr.

The transaction, which is expected to close before the end of 2013, is subject to the relevant Ukrainian authorities' approval. Lafarge retains a presence in Ukraine through three aggregates quarries serving the Ukrainian, Russian and Polish markets.

Ukraine: Volyn Cement has reported a loss of Euro2.86m for 2012. It recorded a net profit of Euro1.75m in 2011. The company based in Zdolbuniv, Rivne region, saw its net revenue remain stable at Euro62.8m. Multinational cement producer Dyckerhoff owns 98.4% of the shares in Volyn Cement.

Podilskiy Cement has reported a loss of Euro9.6m for 2012. The Khmelnytskyi region-based cement producer saw net revenue rise by 31.2% to Euro92.8m in 2012. Podilskiy Cement's plant has six kilns with a production capacity of 3.7Mt/yr. The business is controlled Ireland's Cement Roadstone Holdings.

Ukraine: According to preliminary data Eurocement Ukraine finished 2012 with a net profit of Euro3.58m. The company, part of Russia's Eurocement Holding, finished 2011 with losses of Euro4.4m. As of late 2012, the assets of Eurocement Ukraine came to Euro92.1m with current liabilities of Euro23.9m.

Ukraine: Ukrcement, the Ukrainian cement association, expects cement production to drop by 7% in 2013, a decrease of up to 684,000t, compared to a production of up to 9.28Mt in 2012. In an interview with Ukranian News, executive director of the association Petro Lopatiyev attributed the slowdown in production to an 'unfavourable' situation in the construction market.

According to the association, in 2012 cement production fell by 7% compared to a production of 9.77Mt in 2011. Clinker production fell by 16% to 6.28Mt. Exports of cement from Ukraine fell by 5.2% or 8964t to 164,548t in 2012, compared with 2011.

In 2012, imports comprised 1% of the market with a volume of 94,516t. However, Ukrcement fears that cement may be dumped in the Ukranian market from the neighbouring territory Transdniestria. The breakaway Moldovan territory has a stagnant constuction market and a lower cost of cement production than Ukraine. The association wants the Ministry of Economic Development and Trade to hold an anti-dumping investigation.

In other developments Ukrcement has called for a switch to European standards of cement production from 2014. At present, Ukraine has two cement production standards: the Ukrainian one called ДСТУ Б В.2.7-46:2010 and one identical to a European standard called ДСТУ Б EN 197-1:2008.

The Ukrcement association was created in 2004 during a reorganisation of the Ukrainian cement industry. There are over 15 enterprises engaged in cement production with a total production capacity of over 20Mt/yr.

Ukraine: The supervisory board of HeidelbergCement Ukraine (Dnipropetrovsk region) has dismissed acting board chairman David von Lingen and appointed Silvio Tide as the company's board chairman. Tide was elected to chair the board for three years until 2016. Previously he was a HeidelbergCement manager in Northern Russia.

Von Lingen took up the office of acting board chairman on 1 January 2013 in a position to last until 28 February 2013. Previously he had been a board member and the chief financial officer at the company.

HeidelbergCement began operations on the Ukrainian market in 2001. The company produces cement at two plants, one in Kryvyi Rih, Dnipropetrovsk region south-west of Kieve region and the other in Amvrosiyivka, Donetsk region in eastern Ukraine.