Displaying items by tag: Russia
New director appointed at Voskresenskcement
16 July 2014Russia: Andrey Nesen has been appointed as the new director of Voskresenskcement plant, a Lafarge subsidiary. Nesen will oversee production and personnel development, the upkeep of corporate safety standards and will control implementation of the plant's social projects. Andrey Nesen previously occupied the position of Voskresenskcement's operations director, production manager and director of the production analysis department.
Brazil: The leaders of the rapidly growing BRIC economy countries, which include Brazil, Russia, India, China and now South Africa, will launch their own development bank at a summit in Brazil in 14-18 July 2014. The BRIC nations are also working on proposals to set up a 'mini International Monetary Fund (IMF),' according to the Russian finance minister Anton Siluanov.
The plan for Brazil, Russia, India, China and South Africa to set up a bank to finance infrastructure projects began in 2012 and the group agreed on the project's outline in 2013 after seeing investors divert money from emerging economies, hurting their currencies. Disagreements over funding, management and where to locate the headquarters of the new entity held up progress, but Siluanov said that the leaders themselves would decide whether it should be based in Shanghai or Delhi when they meet in Fortaleza, Brazil in 14-18 July 2014.
The New Development Bank will be able to start lending in 2016. It will focus chiefly on infrastructure projects and will be available to other members of the United Nations. The five nations will put up an initial US$2bn each in financing with a further US$40bn in guarantees. The financing will eventually build up to US$100bn. Siluanov added that the five leaders would also sign a blueprint agreement on the group's other signature project, a US$100bn fund to steady the currency markets.
"We have reached an agreement that, in the current conditions of capital volatility, it is important for our countries to have this buffer in addition to the IMF," said Siluanov. The mini IMF would act as an emergency fund for members facing currency devaluation or which were hit by sudden currency flight. China will contribute US$41bn, while Brazil, India and Russia will each give US$18bn and South Africa US$5bn.
Sustainable expansion for Semen Indonesia
28 May 2014One of the ideas aired by several speakers at last week's 6th Brazilian Cement Congress was that using cement as a construction material is inherently a sustainable option.
The reasons for this included the durability of cement's construction products and the role cement plays in improving the living standards of a country. For example, under the onslaught of extreme weather like hurricanes, concrete structures are more likely to remain standing. Or, for a country like Brazil with sections of society living in long-term 'temporary' buildings in its favelas or shanty towns, providing affordable cement to help the country build better housing for its inhabitants is the only sustainable future that could be considered.
Perhaps in line with this concept of cement-as-sustainable-construction-material we see Semen Indonesia this week announcing expansion plans in three countries in South and Southeast Asia.
In West Sumatra a Semen Indonesia subsidiary has started building a 3Mt/yr cement plant in Padang. Then in Bangladesh Semen Indonesia revealed its intention to buy a 1Mt/yr plant. Finally, the state-owned Indonesian cement producer said that its Semen Gresik subsidiary was planning to build a new cement plant in Central Java at Rembang in June 2014. From previous press releases we can see that both new plants are FLSmidth builds. Both orders were announced in early 2014. Each has a capacity of 8000t/day.
The plans to expand outside of Indonesia echo reports that Semen Indonesia was set to buy a minority share in a Myanmar cement producer. Although the producer was unnamed as of early May 2014, Semen Indonesia CEO Dwi Soetjipto valued the stake at US$30m and the producer's production capacity at 1.5Mt/yr in comments to the Jakarta Globe.
Altogether the two new plants in Indonesia will place Semen Indonesia's total cement production capacity at 40Mt/yr by 2017 according to company figures. This would be enough to place the company within the top 20 of the world's largest cement producers by production capacity following the research from Global Cement's 'Top 75 global cement companies'.
In a nice coincidence, the company with a production capacity of 40Mt/yr on that list was Eurocement. Last week the Russian cement producer announced that it had signed contracts worth Euro387m with Chinese companies - including Sinoma, CNB, Sinomach and CAMC Engineering Co - to add 17Mt/yr cement production capacity across six plants in Russia. Another six or seven more construction agreements for cement plants are also expected to be signed in the coming months.
Certainly for the countries Semen Indonesia is focusing on – Indonesia, Bangladesh and Myanmar, with low gross domestic product per capita – providing the raw material for stronger and more durable buildings covers some of the sustainability bases. Yet if all these new plants only use fossil fuels and are subject to few environmental restrictions then that undermines some of this. However, whether all this expansion is sustainable or not, the cement industry never remains stationary.
Russia: Novoroscement plans to launch a cement production line at its Pervomaisky plant near Novorossiysk. The plant will have a cement production capacity of 2.2Mt/yr and Euro250m has been invested in the project.
Russia: Sberbank and Eurocement signed a cooperation agreement at the XVIII St Petersburg International Economic Forum to secure funding for expansion by the Russian cement producer. Herman Gref, the bank's CEO and Chairman of the Board, signed the agreement for Sberbank and Filaret Galchev, the Chairman of the Board of Directors, signed for Eurocement, according to SKRIN Newswire.
The agreement also stipulates that the two parties will cooperate on a whole range of issues, from settlement and cash services to the provision of investment and banking products (via Sberbank CIB1) and other financial services, both for Eurocement group itself and for its affiliates and dependent companies.
"The signing of the agreement with Sberbank will serve as a guarantee that the Holding company's investment programme will receive sufficient funding until 2018 and that the transition to the active phase of the construction of new cement manufacturing facilities will be made. The implementation of this project will give a significant boost to growth in Russia's construction sector as a whole, by providing high-quality cement for infrastructural and residential projects in the country," said Filaret Galchev, the Chairman of the Board of Directors at Eurocement.
Russia: Eurocement Group has signed contracts with Chinese companies for equipment supplies, engineering, installation supervision and employee training totalling Euro387m.
"The contracts, which were signed on 20 May 2014, include the delivery of a complete set of equipment necessary for the construction of new cement dry-production lines," said Eurocement. The contracted supplies include mechanical equipment, furnaces, cyclone heat exchangers, crushers, and mills.
The equipment will be used for the construction of new cement plants with a total cement production capacity of 17Mt/yr in six regions of Russia: Leningrad, Ryazan, Bryansk, Arkhangelsk, Ulyanovsk and Samara regions. Eurocement currently operates 16 cement plants with 40Mt/yr of production capacity.
Lafarge opens a Euro500m cement plant in Kaluga
20 May 2014Russia: Lafarge opened a Euro500m cement plant in Kaluga on 19 May 2014. The plant is the group's biggest project in Russia so far, according to Andre Martin, Lafarge's president in Russia.
The plant has a cement production capacity of 2Mt/yr. Raw material will be sourced from the adjacent Borschovskoye field, which Lafarge calculates has enough reserves to last 50 years. All of the cement will be supplied to the domestic market.
"This is a very modern enterprise. Russia produces a lot of cement and it needs more and more of it to modernise old enterprises," said first deputy prime minister Igor Shuvalov.
Lafarge is not planning to adjust its plans to develop business in Russia due to the Ukraine crisis, according to Martin. He said that Lafarge, which has been doing business in Russia since 1996, had long-term development plans for the Kaluga region.
Lipetskcement increases cement production by 23.3% in 2013
04 February 2014Russia: In 2013 Lipetskcement, part of Eurocement group, demonstrated significant growth of its key indicators for production and shipment of cement. During the reporting period it produced 1.39Mt of cement and 1.05Mt of clinker, which exceeded 2012 values by 23.3% and 2.6% respectively. Bagged cement production increased by 19% compared to 2012 and amounted to 0.178Mt.
CEM I 42.5 N accounted for half of the company's total cement production. In 2013 Lipetskcement produced 0.645Mt of this type of cement, which is 82.5% more than in 2012.
"In December 2013 Lipetskcement celebrated 50 years since the plant was launched. 2013 was marked by the achievement of record levels of production and shipment of cement. In July 2013 a record was set for the production of cement. For the first time in the 50-year history of the Lipetsk cement plant the company produced 0.20Mt of cement. The previous record was 0.19Mt of cement in August 2011. Also in July 2013 there was a record shipment of finished products; customers were shipped 0.21Mt of Lipetsk cement," said the general director of Lipetskcement, Vladimir Sokoltsov.
Rostec and SibCem may sever ties
10 January 2014Russia: Russian government-owned Rostec is exiting a collaborative arrangement with Siberian Cement Holding Company (SibCem). The plan to build a regional cement superpower in Siberia has 'run its course,' according to local press.
In 2010 SibCem chairman Oleg Sharykin proposed creating a cement mega-producer in Siberia 'to counter the Chinese expansion' and to 'cartelise' the cement market to prevent sharp price fluctuations.
Rostec assisted SibCem to build its cement group, starting with building the cement giant in 2010 using the Russian Cement Company LLC as a platform for consolidation. The Russian Cement Company went on to acquire a 50.52% stake in Angarsk Cement, affording the government and SibCem a greater than 98% stake in Angarsk Cement. The Russian Cement Company established a 100% subsidiary in September 2011, the Russian Nephrite Company, which the Russian Cement Company has since exited.
Market analysis by RBNN Analytical Centre suggests that the three-year partnership between SibCem and Rostec yielded no significant results. In the autumn of 2013 Rostec representatives resigned from the Angarsk Cement board, while the Russian Cement Company divested its stake in the Russian Nephrite Company.
A Rostec source has indicated that the government will retain a stake in the Russian Cement Company by personal request from Sharykin, who, despite antitrust objections from the Federal Antimonopoly Service (FAS), made a deal to buy a controlling stake in Iskitimcement in 2013, which suggests that SibCem is still interested in increasing its influence in the region. SibCem sources added that Rostec is expected to divest its shareholding in the Russian Cement Company completely in 2014 and that the sale is to be channelled through companies controlled by Sharykin and domiciled in offshore jurisdictions.
New environmental projects for Eurocement
08 January 2014Russia: Ruslan Ponomarev, deputy to the chief technical officer of the Voronezh branch of Eurocement, introduced a project for processing municipal and industrial waste as an alternative fuel in cement production at an environmental conference held in Voronezh, Russia, in December 2013.
Particular attention was given to issues involving the technical specifications and advantages of solid waste processing in cement kilns. Eurocement's new power plant in Voronezh allows for up to 300t/yr of waste to be disposed of. Thanks to the establishment of a new removal system, the project will allow the region, which has a population of over 2.5m, to cut its normal waste disposal by 90%.
Belgorod Region Governor, Evgeny Savchenko, met with the president of Eurocement, Mikhail Skorokhod, to discuss prospects for the construction of new cement production lines at Belgorodskiy Cement and Oskolcement. The construction of new lines will reduce the amount of clinker kilns at Oskolcement and Belgorodskiy Cement from six and seven respectively to one at each plant, significantly improving the environmental impact. Energy reduction is expected to reach approximately 30% and fuel consumption can be reduced more than two-fold.
"We are pleased to be working with Eurocement Group. The implementation of construction projects at two cement plants is bringing a completely new level of environmental awareness, allowing a tremendous reduction in manufacturing emissions," said Savchenko.
Mikhail Skorokhod also commented on the project: "Eurocement Group is involved in the continuous modernisation of its production facilities, in order to improve product quality, reduce energy costs and improve the environment. The transition to new technology platforms will be done without interrupting the existing production lines. Regional projects will provide orders for the construction sector in the region. This project will also provide an opportunity to create a completely new situation and quality of life both for the factory workers and residents of Belgorod and Stary Oskol."