Displaying items by tag: Ukraine

Ukraine: HeidelbergCement has reopened its plant in eastern Ukraine a month after shutting it. Separatists in the region wanted to impose their own agenda on the production process, the company said in November 2014. The situation has now changed and HeidelbergCement is about to sign a contact with a new security firm, according to CEO Bernd Scheifele. The re-launch of the production process was closely coordinated with the Foreign Office.

The conflict in Ukraine has led to serious infrastructure damage and thus the demand for building materials is high, according to Scheifele. The plant's capacity is 2Mt/yr of cement. The company generates Euro150m of revenue with its three Ukrainian sites, or a share of 1% of the total revenues. In 2014, however, turnover slipped by 30% due to the conflict.

Ukraine: HeidelbergCement Ukraine has appointed Olena Kovaliova as Deputy Chairperson of the Management Board to replace David Andreas Johannes von Lingen. The company's Supervisory Board decided to terminate von Lingen's authority on 25 November 2014 ahead of the original scheduled date of 31 December 2014, according to a company statement. Von Lingen had been in port for three and a half years. The Supervisory Board appointed Kovaliova as the Board Deputy Chairperson from 1 January 2015 for three years until 1 January 2018.

Ukraine: HeidelbergCement has shut down one of its cement plants in eastern Ukraine because separatists in the region want to impose their own agenda on the production process, according to a HeidelbergCement spokesman.

The plant was not occupied, but the separatists reportedly have their own ideas of how to produce cement. The spokesman added that HeidelbergCement would not engage in talks with the separatists. The 500 employees at the site are currently busy cleaning the facility, but if no solution is arrived at, their jobs will be threatened.

The plant has 2Mt/yr of cement production capacity. HeidelbergCement generates a turnover of Euro150m from its three Ukrainian sites, or 1% of its total revenues. However, in 2014 its turnover has fallen by 30% due to the conflict. Earlier in 2014 CEO Bernd Scheifele voiced his concerns about the developments in the region. Due to the political escalation interest rates exploded and loans vanished, putting the company's local production in danger.

Ukraine: Eurocement Ukraine finished 2013 with a loss of Euro1.31m, down from a profit of Euro2.32m in 2012. In 2013 the company saw its net revenue fall by 7.21% to Euro65.3m.

Ukraine: HeidelbergCement Ukraine has appointed Wolfram Gaertner and Robert Breyer as supervisory board members for three years. In addition, Andrzej Balcerek, Klaus Schwind and Andreas Kern were re-elected as supervisory board members. At the same time, Ernest Jelito was removed from the supervisory board.

Ukraine: Mykolaivcement has reported a loss of US$5.47m in 2013. Its revenue fell by 10% to US$46.6m from US$5.28m in 2012. In 2012 Mykolaivcement reported a loss of US$5.79m according to the Ukranian News agency.

The cement producer based in Mykolaiv, Lviv region also makes paving slabs and facade tiles, concrete, pavestone and other construction materials. In April 2013 Cement Roadstone Holdings held talks with Lafarge on the acquisition of the company. Lafarge Ukraine Holding owns 99.26% of shares in the factory.

Ukraine: Podilskiy Cement has preliminary reported a loss of US$7.4m in 2013. The CRH subsidiary reported a US$6.5m loss in 2012 despite increasing its revenue. The wet process cement plant has six production lines with a total cement production capacity of 3.7Mt/yr.

Ukraine: Yugtsement company has dismissed its commercial director Tetiana Kazakevych. She was dismissed in compliance with the resignation statement that she submitted previously, according to the Ukranian News Agency. She had occupied the positions since 2001. The company is part of Dyckerhoff Ukraine, which runs three cement plants in the country.

Ukraine: On 1 January 2014 Volyn Cement (part of Dyckerhoff Ukraine) relieved two members of the supervisory board, chairman of the supervisory board Otto Lose and supervisory board member Volker Sonnabend. The posts remain vacant.

Volyn Cement suffered a loss of Euro2.69m in 2012 according to the International Financial Reporting Standards. Its net revenues increased by 1.85% year-on-year to Euro59.2m in 2011.

Ukraine: The supervisory board of Eurocement Ukraine has relieved acting director-general Vitalii Horholiuk and appointed Oleg Lopatin director-general, according to a company statement. The decision to dismiss Horholiuk was due to Lopatin obtaining a work permit for Ukraine. Previously, Lopatin managed the Voronezh branch of Eurocement Group, based in Moscow, Russia.