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News IvanoFrankivskcement

Displaying items by tag: IvanoFrankivskcement

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NEQSOL Holding Ukraine to acquire Ivano-Frankivskcement stake

19 October 2021

Ukraine: NEQSOL Holding Ukraine has filed an application to the Antimonopoly Committee of Ukraine (AMCU) to acquire a stake in Ivano-Frankivskcement. The group will take a loan from ‘leading international’ banks to pay for the stake.

NEQSOL Holding Ukraine manager Volodymyr Lavrenchuk, said “We are hopeful for an approval of the new deal by the AMCU so that we can welcome the high-tech enterprise Ivano-Frankivskсement into the NEQSOL Holding group of companies. We recognise the long-time outstanding results achieved by the Ivano-Frankivskсement management team and staff, who have created one of the most state-of-the-art cement plants in Europe.” He added “Our group of companies has successful experience in financing, including engagement of international financial institutions, which will help to secure the required investments for maintaining a high rate of growth of the cement plant.”

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Ukrainian import tariffs stimulate local market

08 October 2019

Ukraine: Antidumping duties on clinker and Ordinary Portland Cement (OPC) from Russia, Belarus and Moldova introduced by Ukraine in mid-2019 have benefitted local producers. Mykola Kruts, the chairman of the board of Ivano-Frankivskcement, said that his company has been operating at a 90% capacity utilisation rate, according to Interfax-Ukraine.

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Ukraine starts cement anti-dumping probe

05 July 2018

Ukraine: The Interdepartmental Commission on International Trade has started an anti-dumping investigation on imports of cement from Russia, Belarus and Moldova. It will look at the conduct of Dyckerhoff Cement Ukraine, HeidelbergCement Ukraine, Podilsky Cement and Ivano-Frankivskcement, according to the Uryadovy Courier newspaper. The probe will examine the cement market between 2015 and 2017.

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Swiss CemIn West buys 96.6% of Ivano-Frankivskcement

23 December 2014

Ukraine: 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.

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