Construction

Mostobud [MTBD UZ, BUY] has been announced as the contractor for a new 4-star hotel construction project in Kyiv. Led by the development company “Dominion Kyiv”, the “Peresvet Plaza Hotel 4” is scheduled to open in the capital in 2010.

According to the publication “Ukrainian Times”, the OJSC “Eurocement Group Ukraine” is now under new ownership, with the very recent sale of the Kiev-based company. According to the publication “Ukrainian Times”, the OJSC “Eurocement Group Ukraine” is now under new ownership, with the very recent sale of the Kievbased company. As of the purchase date, is fully owned by the Galaks Holdings Limited of Cyprus.

Information released by the State Statistics Committee of Ukraine (Goskomstat) reveals that the cement production of slate has increased 6.3% to reach 63.8 mln tiles in August 2008, compared with output for August 2007.

The OJSC Mostobud [MTBD UZ, BUY] has signed a contract with the German company Bridon International, whereby Bridon will provide Mostobud with steel ropes to be used for its bridge construction project in Zaporizhya.

The OJSC Balcem and OJSC Kramatorsk “Pushka” Cement [KRCS, U/R], both of which are part of the “Eurocement Group Ukraine”, have increased their cement output by 18.8% YoY for the period January to July 2008. The companies’ total output has grown to 2.254 mln tons.

The Ukrainian cement plants Volyn-Cement [VOLC UZ, BUY] and Ugcement [N/R], which are controlled by German Dyckerhoff Zement, increased cement production by 7.7% YoY in 2008H1.

A leading structured steelwork producer, Dnipropetrovsk Steelworks n.a. Babushkin [DZMK UZ, BUY], is supplying framed steelwork for construction of the Hilton Hotel in Kyiv.

The Ukrainian cement plants of Dyckerhoff Zement International increased cement output by 8.7% YoY to 1067 thsd tons in Jan-May.

HeidelbergCement Ukraine will hold its EGM on September 4 to discuss creating an assignee branch on the base of Doncement.

Ivano-Frankivskcement [IVFC, U/R] has opened a new cement plant with an installed capacity of 1.2 mln tons per year.