Displaying items by tag: Russia

Russia: According to SKRIN Newswire, an important period of the Mordovcement plant integration to Eurocement Group's logistics is currently being completed. Eurocement bought the Mordovcement plant in December 2014.

Mikhail Skorokhod, the president of Eurocement and Vladimir Volkov, the head of the republic of Mordovia, held a working meeting in the Administration of the Republic, where they discussed prospects of development of Mordovcement plant. The main topics were the business strategy of Mordovcement and contribution of the production facility to social and economic development of the Republic.

"Mordovcement has an important position in the construction industry of the country. It is one of the leading cement suppliers in the Russian construction materials market," said Vladimir Volkov. "This is why the plant is of strategic importance for our republic. It is crucial for us to know how Eurocement will develop the plant and we are ready for active cooperation on these issues. The most important is to load the production facility with maximum efficient orders and to respond promptly to changing needs of the construction market. For us, it is matter of principle to preserve the huge working team of Mordovcement and assure stable salary increases at the plant."

"From the moment of Mordovcement's inclusion in Eurocement, a large project aimed at increasing operational efficiency has been undertaken. All issues of Mordovcement debts have been solved, refurbishment and major repair of main equipment of the production facility have been made," said Skorokhod. "Today Eurocement executes complex measures to reduce the specific consumption of fuel and gas and increase equipment capacity."

Russia: According to SKRIN Newswire, the president of Eurocement Mikhail Skorokhod has announced introduced the new general director of the Kavkazcement plant as Georgy Kuznetsov.

"Kuznetsov's has more than 30 years of experience," said Skorokhod. "He has held executive positions in the administration of the Ministry of Taxes and Assessments of the Russian Federation and in the Ministry of Defense of the Russian Federation. He has worked for Eurocement since March 2014 as the deputy head of the department of economic security."

Kuznetsov thanked Eurocement management for their vested confidence. "Kavkazcement has a very united and highly professional team, which is able to fulfil any task," said Kuznetsov. "I promise to use all my experience and skills to maximum effect to achieve all targets set for the plant and to justify the confidence vested to me."

The 3Mt/yr Kavkazcement plant is currently being built to meet expected demand growth. "The market of the south is growing and Kavkazcement has very good prospects to increase the volume of products shipping and improve production figures," said Skorokhod. "The plant will become one of the most advanced enterprises in the region, meeting the highest world requirements by the quality of its equipment, production efficiency and environmental friendliness. Moreover, construction of a new modern highly efficient cement plant in the territory of the Karachayevo-Cherkessian Republic will promote active social and economical development of the region and provide the construction industry of the republic and adjacent regions with high-quality cement," said Skorokhod.

The contract for the plant construction was signed between Eurocement and China's Sinoma International Engineering Company on 9 November 2014 within the framework of the XXII APEC Summit held in Beijing. Sinoma International Engineering Company will supply a complete package of equipment and design, supervision of erection and personnel training for the new plant.

Russia: According to SKRIN Newswire, in the first five months of 2015, Eurocement's Pikalevskiy cement plant shipped 11,700t of bagged cement to its customers, which is 23% more than in the same period of 2014.

Russia: According to SKRIN Newswire, on 30 June 2015, Verkhnebakanskiy Cement Works appointed FBK OOO as its auditor for 2015 and decided not to pay common dividends for 2014. A new board was elected, which included Igor Veremiy, Anatoliy Ziskel, Oleg Ivashchenko, Lev Kvetnoy and Yefim Starikov. Popova Galina was elected as the controller. On 1 July 2015, the board elected Lev Kvetnoy as its chairman.

Russia: The Board of Directors of Verkhnebakanskiy Cement Works elected Lev Kvetnoy as Chairman of the Board of Directors on 1 July 2015.

Russia: According to Esmerk Russian News, Lafarge has suspended the construction of a Euro710m cement plant in Rostov. The plant was scheduled to launch in 2016. The planned capacity of the first phase was 2Mt/yr of cement.

Russia: Eurocement Group has asked the country's biggest bank Sberbank for a US$634m of project financing, according to company President Mikhail Skorokhod. "We expect that in the last 10 days of June 2015, we will be able to receive approval on this request from an interdepartmental commission," he said.

Sberbank has already approved US$248m from the total request, which will be spent on construction of its 10,000t/day (~4Mt/yr) Mikhailovsky plant in the Ryazan Region.

Eurocement also plans to attract US$300m of financing from Industrial and Commercial Bank of China and Bank of China to upgrade its plants. The request has been submitted to China's Sinosure, and is currently being reviewed.

Russia: According to Prime News, Mikhail Skorokhod, president of Eurocement Group, has said that the cement industry of the Eurasian Economic Union (EEU), which comprises Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan, may receive about Euro4.42bn of private investment until 2020.

"Speaking of plans until 2020, we expect to see launches of about 40Mt/yr of capacities and about Euro4.42bn of private investment will be needed for that," said Skorokhod, adding that investments in Russia will account for about 80% of the total sum. Investment in the sector amounted to Euro13.3bn until 2014 and production capacities totalling 45Mt/yr cement were launched.

Russia: According to Heavy Lift, Germany-based Dako Worldwide Transport has transported a 185t cement mill over 5700km from the manufacturer's location in Austria to a cement plant in Sterlitamak, Russia.

The mill, which measured 18.5m x 5.7m x 6m, was first loaded onto a barge in Linz, Austria for transport along the Danube River to the Romanian port of Constanta, where the cargo was loaded onto a vessel and shipped across the Black Sea to Rostov, Russia. From Rostov, the vessel travelled down the Volga-Don River system to eventually arrive at Nizhnekamsk, where the cement mill was lifted by a heavy lift port crane onto a ro-ro barge for onward transport down the Kama and Belaya rivers to Ufa, Bashkortostan.

On arrival at Ufa, the mill was unloaded using a bespoke roll-off jetty that had been designed and constructed by Dako in Russia. The company explained that this was extremely challenging due to the very low water level in the river at the time. Special steel plates were placed on the jetty and two heavy-duty prime movers were used to pull the 24-axle hydraulic trailer and its load off the barge and onto land. The same trailer was then used to transport the cement mill to its final destination in Sterlitamak, Bashkortostan by road. En route, the vehicle had to pass over several bridges, many of which had been reinforced for this transport.

Russia: Russia's cement consumption may fall by 5 - 10% in 2015, according to Eurocement Group forecasts. The cement market contracted by 9% in January - April 2015. The decline slowed to 4 - 5% in May 2015, according to preliminary data.

The situation on the construction market is currently unfavourable for cement production as borrowing is too expensive, which slows new construction and gives developers an incentive to monetise projects at the implementation stage. "Developers are currently trying to complete projects that are already underway, so consumption of finished products has increased and companies are reluctant to begin new construction projects, which takes a toll on cement consumption," said Eurocement president Mikhail Skorokhod.

Eurocement has continued to upgrade its cement plants and all of its plants will switch to the dry-process for cement production by 2020. The programme will boost Eurocement's production capacity to 60Mt/yr from 50Mt/yr. Capital investment in the upgrades will total an estimated Euro1.62bn.

At the start of July 2015, a 1.3Mt/yr capacity plant will be commissioned in Ulyanovsk region's Sengileevsky district, according to Skorokhod. The plant will have the option of shipping product on the Volga river, reducing some of Eurocement's logistical costs.