Displaying items by tag: Novoroscement

Russia: Donskaya Tekhnicheskaya Company, one of the largest suppliers of construction materials, intends to construct a cement terminal in Azov, Rostov in 2015, for Euro3.13m. The terminal will load out over 490,000t/yr or 2000t/day of cement. The cement will be dispatched by rail and by ships from the Sebryakovcement plant in Volgograd and the Novoroscement plant in Krasnodar. The project will help solve the cement deficit in the region.

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: Russia's Federal Antimonopoly Service (FAS) has said that it is considering the application by businessman Lev Kvetnoi, owner of cement producer Novoroscement, to buy the Verkhnebakansky cement plant from businesswoman Yelena Baturina.

The watchdog said it needed time to collect additional information on the deal, adding that it would extend the consideration period by two months.The application was submitted by Gazmetallproyekt, which runs Kvetnoi's assets. In November 2011 Baturina sold the Verkhnebakansky cement plant to Kvetnoi for around US$534m.