Displaying items by tag: Belarusian Cement Company

Belarus: President Alyaksandr Lukashenka has issued an edict supporting loan deferments for the country’s three major cement producers. The total amount includes loans totalling about US$550m that were provided by China’s Eximbank in 2008 – 2009 for upgrades to the company’s plants, according to the Belapan news agency. The loans were repaid to the Chinese bank by the Belarusian government in the period from 2015 to 2019.

Under the edict, Belarusian Cement Plant should repay its debt to the government in the period from 2029 to 2038, Krasnaselskbudmateryyaly’s debt should be repaid in 2030 - 2037 and Krychawtsementnashyfer’s debt should be repaid in 2038 - 2049. The edict also sets out a repayment schedule for interest on the loans with a total of US$370m to the mid-2020s.

In addition, the energy ministry has been ordered to grant the cement companies a deferment until the end of 2019, followed by a repayment plan to 2023 for late natural gas bills.

Belarus: President Alyaksandr Lukashenka has demanded that the local cement industry improve its efficiency and increase its exports. He made the comments following the approval of the appointment of Alyaksandr Dawhala as the new chief executive officer of Belarusian Cement, according to the Belapan news agency. He noted that export sales were improving with a focus on the European Union although key markets also include Poland, Latvia and Ukraine.

Belarus: The government has issued a directive ordering an increase in its stake in 12 large companies including Belarusian Cement. The government’s stake will be increased by amounts equal to the financial support the companies have been given, according to the Belapan news agency. The government reportedly invested around Euro70m into the companies.

Belarus: The Belarusian Cement Company increased its exports of cement by 42.6% year-on-year to 1.4Mt/yr in 2017. The exported cement had a value of US$682.m, according to the Belarusian Telegraph Agency. The company has attributed the rise on an efficiency drive that it says has reduced the cost of production by 50%. The company mainly exports to the Commonwealth of Independent States region but it has started selling its product in parts of the European Union, including Poland and Latvia. It plans to increases its exports by 4% in 2018, partly by introducing 35kg bags.

Belarus: The Belarusian Cement Company and Eurocement Group have signed a contract concerning deliveries of cement in 2017. In line with the agreement the deliveries will satisfy the demand for Belarusian cement on the Russian market. The deliveries in 2017 will be at least as large as in 2016, according to the Belarusian Telegraph Agency. The deal was signed by Eurocement Group President Mikhail Skorokhod, Director General of Belarusian Cement Plant Igor Lozhechnikov and Director General of Krichevcementnoshifer Vladimir Korchevsky.

Belarusian Architecture and Construction Minister Anatoly Cherny said that the Russian market is the key target market for Belarusian cement producers. He added that despite falling demand in Russia that the share of Belarusian cement on Russian Federation markets would grow larger.

Belarus: The Council of Ministers has ordered Belarusian Cement Plant and Krychawtsementnashyfer to hand over the government-owned stakes to Belarusian Cement Company. The move comes as part of a merger of all of Belarus' cement plans to create a new holding company, Belasrusian Cement Company.

Belarusian Cement Company is to receive 7,723,192 shares from Belarusian Cement Plant and 196,697,461 shares from Krychawtsementnashyfer. Belarusian Cement Company was initially expected to control Belarusian Cement Plant, Krychawtsementnashyfer and AAT Krasnaselskbudmateryyaly. However, it is still unclear whether Krasnaselskbudmateryyaly will join the holding company.

Belarus' president, Alyaksandr Lukashenka, approved the merger, which was proposed by Pyotr Rudnik, head of the Mahilyow Regional Executive Committee. Uladzimir Kisyalyow was appointed as director general of Belarusian Cement Company. Prior to the appointment, Kisyalyow served as first deputy head of the Mahilyow Regional Executive Committee.

Belarus: President Alyaksandr Lukashenka has approved the creation a new cement company, the Belarusian Cement Corporation. The new holding company is expected to control three cement manufacturers: Belarusian Cement Plant in Kastsyukovichy, Mahilyow region, Krasnaselskbudmateryyaly in Vawkavysk, Hrodna region, and Krychawtsementnashyfer in the Mahilyow region, as well as a transport and logistics company.

The Belarusian Cement Corporation is to be established in 2014 and attract a strategic investor in 2015. The establishment of the corporation is intended to decrease production costs, increase profits and raise exports. After project capacity is achieved in 2015, the company will have a cement production capacity of 9.5Mt/yr.