Displaying items by tag: Ukraine

Ukraine: HeidelbergCement incurred losses of Euro6.7m in the first quarter of 2012, according to a company report. The loss is nearly three times the amount that the company lost in the whole of 2011, when it lost Euro2.3m. HeidelbergCement Ukraine reported a net revenue of Euro14.2m for the first quarter of 2012.

Ukraine: The supervisory board of Eurocement Ukraine has appointed Vitalii Horholiuk to the post of acting director-general. The board dismissed the application of the deputy director-general and director of engineering Ihor Nikolaenko. Nikolaenko has occupied these positions since June 2010. Former Eurocement Ukraine director-general Demis Galchev was relieved from the position on 31 January 2012. Since that time the post has been vacant.

Romania: The Romanian unit of Lafarge has appointed Sonia Artinian as its new country CEO. She is in charge of the French group's cement, aggregates and concrete business in Romania. Artinian replaces Philippe Questiaux, who had managed Lafarge's cement activity in Romania since 2002.

Russia: Vladimir Petrov has been appointed as General Director of Pikalevskiy Cement, a part of Russia's Eurocement Group.

Ukraine: The Balakleya-based Eurocement-Ukraine company dismissed its director general Demis Halchev on 31 January 2011 after a tenure of around three years in the post. According to a report, the position is now vacant.

Ireland/Ukraine: Europe Materials, a division of the Irish holding company Cement Roadstone Holdings (CRH,), completed the acquisition of 51% of the shares of LLC Cement in Odessa in southern Ukraine on 5 January 2012.

CRH intends to use the plant, which can produce up to 0.5Mt/yr of cement, for grinding clinker produced at Podilsky Cement in the east of the country.

The purchase follows clearance in December 2011 by Ukraine's Antimonopoly Committee (AMKU) to allow CRH to purchase the company.

Ukraine/Ireland: Ukraine's Antimonopoly Committee (AMKU) has allowed Jura-Cement Fabriken AG, a subsidiary of Ireland's Cement Roadstone Holding (CRH), to acquire control of LLC Cement in Odessa. The AMKU committee said that this decision allows Jura-Cement-Fabriken to hold over 50% of the votes in the Odessa plant's management body.

The Odessa Cement Plant started operations in 1965 and its capacity is currently 550,000t/yr. The plant was acquired in May 2005 by the Portuguese company Cimento e Produtos Associados S.A., which is owned by Cimpor, Teixeira Duarte and Engenharia e Construcoes, amongst others. LLC Cement's general director, Miguel Machado, has stated that Euro40m has been invested in the Odessa plant since 1996. CRH currently owns OJSC Podolsk Cement and LLC Lviv Concrete in Ukraine.