CONSTRUCTION UKRAINE

Construction Ukraine

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Construction Ukraine  - News

Construction Ukraine - September 2006

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EBRD Invests USD 9.82 Million in a Brick Manufacturer.

The European Bank for Reconstruction and Development (EBRD) decided to invest USD 10 million in a Ukrainian brick manufacturer to support the development of the local building materials market.
Thus, the EBRD will provide a USD 9.82 million loan granted to Slobozhanska Construction Ceramics (SBK), a company active in the production of facing bricks. The Ukrainian company will invest USD 35.6 million into the construction of a new brick-making plant in the Kyiv region with the goal to double brick production capacity.
"The proposed project is to construct and place into operation a greenfield plant for the production of hollow porous brick blocks in Kiev Region and upgrade and expand existing production lines at SBK's plants located in the cities of Irpin [Kiev Region], Kharkiv and Romny [Sumy Region] for total annual production of 262 million brick units," the EBRD's summary document reads.
At present, SBK produces 120 million brick units a year at its three existing plants in Romny, Kharkiv and Irpin.
"The fourth plant will be exclusive among Ukrainian ceramics plants in the production of large format ceramic brick blocks," Gumenjuk said.
U.S. government-funded venture capital firm Western NIS Enterprise Fund (WNISEF, currently run by private equity manager Horizon Capital) bought 100 per cent of the SBK brick factory in Romny in 1997. 
In 2004, WNISEF sold its entire shareholding in SBK to Austrian investment bank Raiffeisen Investment AG (RIAG) and its partners MARA Beteiligungsverwaltungs GmbH, RIAG's holding company, for USD 13.5 million, "achieving a 2.5-time cash-on-cash return," according to WNISEF.
Among SBK's main Ukrainian clients are construction companies like TMM, Poznyakyzhylbud and Kyivmiskbud. 
According to Ukraine's State Statistics Committee, the production of all types of bricks in the country has shown steady growth in the last three years, increasing from 1.56 billion ceramic brick units in 2003 to 1.83 billion in 2005.

09/29/2006 

http://www.eastbusiness.org/    

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Approval Sought for Cascade-ImpEx Office Apartments Building in Shevchenkovsky district.

Cascade-ImpEx filed with the city of Kiev for design approval to build 25,480 sq.m., of which 10,795 sq.m. would be a total area of commercial part of the building and 10,313 sq.m. of apartments. The revised after the company acquired 0.23 hectares lot in conjunction of Pavlovskaya and Zlatoustovsray Streets.

09/15/2006 

http://www.ukranews.com/    

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Odessa - Bid Solicitation For Beach Recuperation and Protection Against Sea Erosion.

Odessa mayor Mr. Gurevich formed committee to prepare bid for 5.5 km of the sea beach protection in the area between Bolshoy Fontan and Chernomorka. This is the third stage of the sea beach reinforcement project.

09/13/2006 

http://www.ua-tenders.com/    

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Members of Ukrcenemt Association Report 91.6% of Turnover on Domestic Market.

Cement manufacturers report turnover in August 2006. 91.6% of cement was sold on the Ukrainian market. Consumption of cement in North region 26.7% (Kiev 18.9%), Western re region 23.8%, Southern region18.5%, Eastern region 16.8, and central region 14.2%. In January - August period cement production grew 9.4% reaching 8.7M ton. 

09/12/2006 

http://ukrcement.com.ua    

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