CEMROS formerly Eurocement Group

TSEMROS (formerly EUROCEMENT Group) is a diversified industrial holding, one of the leaders in the cement industry in Russia.

Aktivs

As of February 2023, TSEMROS combines 16 cement plants in Russia, as well as quarries for the extraction of non-metallic materials. The share of CEMROS in the cement market in Russia is about 30%.

The company's enterprises are located in 13 regions of the country:, Republic of Mordovia,, Karachay-Cherkess Republic,, Arkhangelskaya,, Belgorod,, Bryansk,,, and Voronezh Leningrad. Lipetsk Ryazan Samara Sverdlovsk Ulyanovsk Chelyabinsk regions

History

2023: Name change to "Tsemros"

On February 16, 2023, Eurocement announced a name change to Tsemros.

From the first railways to Baikonur, BAM and Sochi 2014 - each cycle of development of our country is marked on the map by large and important construction projects that completely changed the space and transformed the lives of millions of people. Thus, responding to a completely new stage in history, Eurocement becomes Tsemros - while maintaining its main core and gaining new ambitions, "said Vyacheslav Shmatov, CEO of Tsemros.

The new name was chosen based on the results of the competition among employees, it combines the words "cement" and "Russia," the company explained, which by mid-February 2023 had 16 cement plants and more than 30 quarries. The company's enterprises are located in 13 regions.

2021: Sberbank sold Eurocement to Mikhailovsky Building Materials Plant (MKSM) for 161 billion rubles

On July 16, 2021, Sberbank announced the sale of Eurocement to the Mikhailovsky Building Materials Plant (MCSM). The transaction cost amounted to 161 billion rubles.

MKSM made the purchase as part of a competitive request for proposals held on the electronic platform of the Russian Auction House.

Sberbank sold Eurocement to Mikhailovsky Plant of Building Materials (MKSM)

As noted in Sberbank, the sale of shares of the parent company and the debt of the Eurocement group became a unique transaction in terms of size and structure in the Russian market, carried out in an open and transparent market procedure, in which participants took more than 40 steps to increase the offer price. The following companies took part in structuring the transaction at different stages of its preparation KPMG M&A : Russia,,, Deloitte, etc PwC EY Bryan Cave Leighton Paisner. The sale of Eurocement will be reflected in the statements of Sberbank for the IFRS third quarter of 2021.

As reported on the Eurocement website on July 16, 2021, the holding is one of the largest cement producers in the world. It is included in the list of backbone enterprises in Russia. It includes 19 cement plants in Russia, Uzbekistan and Ukraine, as well as enterprises for the production of concrete, reinforced concrete products, mineral powder and non-metallic materials (crushed stone, granite). The beneficiary of the group is Filaret Galchev.

MKSM is engaged in the development of quarries, the production of crushed stone, rubble, mineral powder and limestone flour, as well as the processing of production waste. According to Spark-Interfax, the main owner of the company is the Silver Cement Plant.

Before putting into management or selling the plants of Eurocement, Sberbank, as the main creditor, consolidated its debts. The State Bank bought from ВЭБ.РФ the right to claim more than 7 billion rubles to a number of cement plants included in the group.^[1]

2020

100% of shares consolidated by Sberbank

Sberbank, in agreement with the "previous beneficiary," consolidated 100% of the shares of GFI Investment Limited, the parent company of the Eurocement group, follows from the bank's report for the third quarter of 2020 under IFRS, which was published on October 29, 2020. RBC announced this on the same day.

Eurocement is a cement producer in Russia, which until recently belonged to businessman Filaret Galchev through GFI Investment Limited. As of October 2020, it unites 19 cement plants in Russia and abroad, as well as the production of concrete and reinforced concrete products, and quarries for the extraction of non-metallic materials.

The bank used the tools provided for by the security documentation and initiated the collection of shares, the<...> bank does not have operational control over the group, the bank's press service told RBC.

As of September 30, 2020, the consolidated net assets of the Eurocement group amounted to 79.2 billion rubles, the report says.

The transition of the group under the control of Sberbank was needed to get out of the "difficult financial situation" in which the cement manufacturer found himself, the bank's press service notes.

According to 2016 data, Eurocement's total debt amounted to 100 billion rubles, of which 65 billion rubles. the company owed Sberbank. Eurocement's long-term liabilities in 2019 reached 69 billion rubles, short-term - 30.7 billion (SPARK data). In November 2019, the debt of the cement producer to Sberbank still increased after the bank took its obligations to VTB ( the size was not disclosed), giving almost 50 billion rubles in exchange for VTB. Debt "Mechel." As a result of the transaction, the state bank became the main creditor of Galchev's company. Thanks to Eurocement's "debt settlement measures," the share of Sberbank's impaired loans in the third quarter of 2020 decreased by 0.6 percentage points compared to the previous quarter. - from 7.5 to 6.9%, the ratio of the total amount of reserves to impaired loans decreased by 3.6 percentage points, to 98.4%, the report says.

Eurocement had a difficult situation before, they have a very large foreign exchange debt, the company fell into scissors, - said the head of Sberbank German Gref in an interview with Kommersant at the end of September. - Firstly, the ruble revenue received all currency risks, and secondly, of course, the decline in production against the background of a decrease in demand and falling prices led to the fact that the company has a very difficult financial situation.

An investor search is underway for the subsequent sale of shares in the interests of Sberbank, the report says.

According to the representative of the bank, he is looking for a strategic investor who is ready to invest his own resources and improve the financial condition of the company, but so far there are no agreements on the sale^[2] the asset^[3]

Ashot Khachaturyants appointed head of the company

In February 2020, it was announced that Ashot Khachaturyants will head the Eurocement Group Filaret Galcheva, whose largest creditor is Sberbank.

Since 2002, the president of Eurocement has been Mikhail Skorokhod, and its board of directors is headed by the main owner and founder of the company, Filaret Galchev, who created it by combining cement plants in Russia, Uzbekistan and Ukraine. According to the company, it is the leader in the production of building materials (including cement) in Russia.

2019: Production capacity - 60 million tonnes

For 2019, since its inception, Eurocement has increased its production capacity from 10 million to 60 million tons, the number of factories - from four to 19 enterprises, rising from 50th to fifth place in the ranking of world cement companies.

2016: Debt burden

The company has a very large debt - according to 2016 data, it amounted to 100 billion rubles. (no later data), of which 65 billion rubles. the company owed Sberbank. In November 2019, the debt to Sberbank even increased, because he exchanged its obligations to VTB for 50 billion rubles. debt "Mechel" to Sberbank, as a result, the largest state bank became the main creditor of the company Filaret Galchev.

A month after the consolidation of the bulk of Eurocement's debt, Deputy Chairman of the Board of Sberbank Anatoly Popov told reporters that the bank expects to receive a plan for restructuring Eurocement's debt in the first quarter of 2020.

"We will engage very actively to create a restructuring plan. I think that in principle we will see this strategy, probably in the first quarter of 2020. And then it will already become clear to us what we can do, because this is an issue that, of course, worries us, "he said on December 17, 2019.

According to him, work on the Eurocement strategy is being carried out jointly with the consulting company Strategy Partners (a subsidiary of Sberbank).

2012

Plants

The list of plants within Eurocement as of 2012:

Russia

Cement:

• EUROCEMENT Group CJSC
• CJSC Maltsovsky Portland Cement (Bryansk Region);
• Oskolcement CJSC (Belgorod region);
• CJSC Kavkazcement (Karachay-Cherkess Republic);
• CJSC Belgorod Cement (Belgorod Region);
• CJSC Pikalevsky Cement (Leningrad Region);
• CJSC Ulyanovskcement (Ulyanovsk region).
• ZAO Mikhailovcement (Ryazan region);
• CJSC Lipetsk Cement (Lipetsk Region);
• ZAO Zhigulevsky Building Materials (Samara Region);
• CJSC Katavsky Cement (Chelyabinsk Region);
• CJSC Savinsky Cement Plant (Arkhangelsk Region);
• CJSC Nevyansky Cementnik (Sverdlovsk Region);
• CJSC "Podgorensky Cement" (Voronezh region);

Production of concrete and aggregates:

• EUROBETON CJSC (http://www.eurobeton.ru/) is an industrial company for the production and sale of concrete and reinforced concrete, non-metallic materials, the total capacity of which is 10 million m3 per year. Aggregate production is carried out in own quarries with a capacity of 6 million tons per year. More
• Concrete plant in Oskol (branch of Eurobeton CJSC)
• Concrete plant in Belgorod (branch of Eurobeton CJSC)
• Concrete plant in Lipetsk (branch of Eurobeton CJSC)
• Concrete plant in Yekaterinburg (branch of EUROBETON CJSC)
• Eurobeton LLC
• OJSC Spetsstroybeton ZhBI No. 17

Cement elevators:

• For the convenience of customers, there are three cement elevators in Moscow:
• MCE "Maryina Grove"
• MCE "South Port"
• JSC "Asphaltobeton-Medvedkovo"

Production of building materials:

• OJSC "Peskovsky Plant of Construction Materials"

Non-metallic materials:

• LLC "Lobskoye-5"
• LLC "Prom-Aktiv"

Trading activities:

• EUROCEMENT TRADE CJSC

Transportation Company:

• ServiceTransStroy LLC
• Center Trans LLC

Provision of material and technical resources:

• EUROCEMENT RESOURCE CJSC

Ukraine

Cement:

• EUROCEMENT-UKRAINE JSC
• JSC "EUROCEMENT-UKRAINE" (Kharkiv region);
• PJSC "Kramatorsk Cement Plant-Cannon" (Donetsk region).

Uzbekistan

Cement:

• EUROCEMENT Group - Central Asia LLC.
• OJSC "AKHANGARANTSEMENT" (Tashkent region)

Concrete:

• Complex of building materials and structures as a part of OJSC "AHANGARANTSEMENT"

Production capacity - 39.2 million tons of cement per year

Logo in 2012

EUROCEMENT Group is an international vertically integrated industrial holding for the production of building materials: cement, concrete, crushed stone.

As of 2012, the Holding's production capacity is 39.2 million tons of cement, 10 million m3 of concrete per year. The reserves of non-metallic materials for the extraction of carbonate rocks with total proven reserves amount to over 2.8 billion tons, for the extraction of granite with reserves - about 1.8 billion tons.

The holding was one of the eight largest cement companies in the world and united 16 full-cycle cement plants in Russia, Ukraine and Uzbekistan, factories for the production of concrete, reinforced concrete and quarries for the extraction of non-metallic materials, companies specializing in industrial construction.

2011

Production facilities in Russia, Uzbekistan and Ukraine

As of 2011, the Eurocement Group industrial holding specializes in the production of building materials. The company is the largest supplier of cement to international markets and combines production facilities in Russia, Ukraine and Uzbekistan.

Picket in Fokino demanding modernization of the enterprise

On May 13, 2011, in the city of Bryansk, a group of environmental activists held a picket in support of the demands of the President of the Russian Federation D.A. Medvedev on the modernization of enterprises. Picketers protested against the situation in the regional city of Fokino, which houses one of the largest cement production enterprises in Europe - Maltsovsky Portland Cement, which belongs to Eurocement Group.

Picket in support of the requirements of the President of the Russian Federation

Notes