Displaying items by tag: Ukraine

Ukraine: France's Lafarge has announced the sale of its cement activities in Ukraine to Ireland's CRH for an enterprise value of Euro96m. The deal comprises one wet process cement plant located in the Lviv region, in the western part of the country. The Global Cement Directory 2013 lists the plant's capacity as 1.7Mt/yr.

The transaction, which is expected to close before the end of 2013, is subject to the relevant Ukrainian authorities' approval. Lafarge retains a presence in Ukraine through three aggregates quarries serving the Ukrainian, Russian and Polish markets.

Ukraine: Volyn Cement has reported a loss of Euro2.86m for 2012. It recorded a net profit of Euro1.75m in 2011. The company based in Zdolbuniv, Rivne region, saw its net revenue remain stable at Euro62.8m. Multinational cement producer Dyckerhoff owns 98.4% of the shares in Volyn Cement.

Podilskiy Cement has reported a loss of Euro9.6m for 2012. The Khmelnytskyi region-based cement producer saw net revenue rise by 31.2% to Euro92.8m in 2012. Podilskiy Cement's plant has six kilns with a production capacity of 3.7Mt/yr. The business is controlled Ireland's Cement Roadstone Holdings.

Ukraine: According to preliminary data Eurocement Ukraine finished 2012 with a net profit of Euro3.58m. The company, part of Russia's Eurocement Holding, finished 2011 with losses of Euro4.4m. As of late 2012, the assets of Eurocement Ukraine came to Euro92.1m with current liabilities of Euro23.9m.

Ukraine: Ukrcement, the Ukrainian cement association, expects cement production to drop by 7% in 2013, a decrease of up to 684,000t, compared to a production of up to 9.28Mt in 2012. In an interview with Ukranian News, executive director of the association Petro Lopatiyev attributed the slowdown in production to an 'unfavourable' situation in the construction market.

According to the association, in 2012 cement production fell by 7% compared to a production of 9.77Mt in 2011. Clinker production fell by 16% to 6.28Mt. Exports of cement from Ukraine fell by 5.2% or 8964t to 164,548t in 2012, compared with 2011.

In 2012, imports comprised 1% of the market with a volume of 94,516t. However, Ukrcement fears that cement may be dumped in the Ukranian market from the neighbouring territory Transdniestria. The breakaway Moldovan territory has a stagnant constuction market and a lower cost of cement production than Ukraine. The association wants the Ministry of Economic Development and Trade to hold an anti-dumping investigation.

In other developments Ukrcement has called for a switch to European standards of cement production from 2014. At present, Ukraine has two cement production standards: the Ukrainian one called ДСТУ Б В.2.7-46:2010 and one identical to a European standard called ДСТУ Б EN 197-1:2008.

The Ukrcement association was created in 2004 during a reorganisation of the Ukrainian cement industry. There are over 15 enterprises engaged in cement production with a total production capacity of over 20Mt/yr.

Ukraine: The supervisory board of HeidelbergCement Ukraine (Dnipropetrovsk region) has dismissed acting board chairman David von Lingen and appointed Silvio Tide as the company's board chairman. Tide was elected to chair the board for three years until 2016. Previously he was a HeidelbergCement manager in Northern Russia.

Von Lingen took up the office of acting board chairman on 1 January 2013 in a position to last until 28 February 2013. Previously he had been a board member and the chief financial officer at the company.

HeidelbergCement began operations on the Ukrainian market in 2001. The company produces cement at two plants, one in Kryvyi Rih, Dnipropetrovsk region south-west of Kieve region and the other in Amvrosiyivka, Donetsk region in eastern Ukraine.

Ukraine: HeidelbergCement incurred losses of Euro6.7m in the first quarter of 2012, according to a company report. The loss is nearly three times the amount that the company lost in the whole of 2011, when it lost Euro2.3m. HeidelbergCement Ukraine reported a net revenue of Euro14.2m for the first quarter of 2012.

Ukraine: The supervisory board of Eurocement Ukraine has appointed Vitalii Horholiuk to the post of acting director-general. The board dismissed the application of the deputy director-general and director of engineering Ihor Nikolaenko. Nikolaenko has occupied these positions since June 2010. Former Eurocement Ukraine director-general Demis Galchev was relieved from the position on 31 January 2012. Since that time the post has been vacant.

Romania: The Romanian unit of Lafarge has appointed Sonia Artinian as its new country CEO. She is in charge of the French group's cement, aggregates and concrete business in Romania. Artinian replaces Philippe Questiaux, who had managed Lafarge's cement activity in Romania since 2002.

Russia: Vladimir Petrov has been appointed as General Director of Pikalevskiy Cement, a part of Russia's Eurocement Group.

Ukraine: The Balakleya-based Eurocement-Ukraine company dismissed its director general Demis Halchev on 31 January 2011 after a tenure of around three years in the post. According to a report, the position is now vacant.

Ireland/Ukraine: Europe Materials, a division of the Irish holding company Cement Roadstone Holdings (CRH,), completed the acquisition of 51% of the shares of LLC Cement in Odessa in southern Ukraine on 5 January 2012.

CRH intends to use the plant, which can produce up to 0.5Mt/yr of cement, for grinding clinker produced at Podilsky Cement in the east of the country.

The purchase follows clearance in December 2011 by Ukraine's Antimonopoly Committee (AMKU) to allow CRH to purchase the company.

Ukraine/Ireland: Ukraine's Antimonopoly Committee (AMKU) has allowed Jura-Cement Fabriken AG, a subsidiary of Ireland's Cement Roadstone Holding (CRH), to acquire control of LLC Cement in Odessa. The AMKU committee said that this decision allows Jura-Cement-Fabriken to hold over 50% of the votes in the Odessa plant's management body.

The Odessa Cement Plant started operations in 1965 and its capacity is currently 550,000t/yr. The plant was acquired in May 2005 by the Portuguese company Cimento e Produtos Associados S.A., which is owned by Cimpor, Teixeira Duarte and Engenharia e Construcoes, amongst others. LLC Cement's general director, Miguel Machado, has stated that Euro40m has been invested in the Odessa plant since 1996. CRH currently owns OJSC Podolsk Cement and LLC Lviv Concrete in Ukraine.