|By PR Newswire||
|January 9, 2014 03:40 PM EST||
MOSCOW, Jan. 9, 2014 /PRNewswire/ -- Russian government-owned high-tech and defense manufacturing conglomerate Rostec is exiting a collaborative arrangement with Siberian Cement Holding Company (SibCem). It would appear that the plan towards building a regional cement superpower in Siberia has run its course, according to the report by Russian Business News Network (RBNN).
Back in 2010, SibCem Chairman Oleg Sharykin proposed creating a cement mega producer in Siberia. According to Sharykin, his rationale was "to counter the Chinese expansion" into the region. An additional secondary goal was "cartelizing" the cement market to prevent sharp price fluctuations. Sharykin's proposal was fairly typical of 2010, when industrials, still reeling after the credit crunch of 2008, tended to seek larger scale to ensure survival in a difficult time.
Government-owned Rostec assisted SibCem in building its cement group. The partners started building the cement giant in 2010 using the Russian Cement Company LLC as a platform for consolidation. The Russian Cement Company went on to acquire a 50.52% equity stake in Angarsk Cement. This way, the Russian government became a joint owner, together with SibCem, or more than 98% in Angarsk Cement, giving the government representation on the company's board of directors. After RosTec became a shareholder, Russian Cement Company no longer had any problem with taking out a RUB 1.7 bln loan from VTB Capital (it was later refinanced by Sberbank).
Russian Cement Company established a 100% subsidiary in September 2011, the Russian Nephrite Company (one popular type of nephrite is commonly known as jade). However, the Russian Cement Company has since exited the Russian Nephrite Company, most likely because of termination of its collaboration with Rostec.
Market analysis by RBNN Analytical Center suggests that the entire three years of this partnership between SibCem and Rostec yielded no significant results, and by the fall of 2013 the writing was on the wall, as Rostec representatives resigned from the Angarsk Cement board, and the Russian Cement Company divested its stake in the Russian Nephrite Company.
A source within Rostec has indicated that the government high-tech conglomerate is retaining a stake in the Russian Cement Company on personal request from Oleg Sharykin, who, despite antitrust objections from FAS, the Russian Federal Antimonopoly Service, has made a deal to buy a controlling stake in Iskitimcement in 2013, suggesting that SibCem is still interested in increasing its influence in the region.
Sources at Siberian Cement confirm this information, adding that Rostec is expected to divest its shareholding in the Russian Cement Company completely only in 2014, and that the sale is to be channelled through companies controlled by Oleg Sharykin and domiciled in offshore jurisdictions. We note that Sibcem is going to need to raise finance to close the deal, and chances of raising additional capital are higher on the strength of its partnership with a major government-owned corporation.
However, the trend towards greater scale for industrial groups which was prevailing in 2010, is now changing: entrepreneurs and company owners are moving away from cartel arrangements and establishing regional "champions," giant companies capable of cornering the regional market, towards vertical development to increase their customer base, and receive project finance. This new trend is likely to continue into the future: even smaller Russian companies now have access to outside finance, and it increasingly makes sense for them to stay relatively small, nimble and independent, while keeping their margins high and costs low.
Russian Business News Network
(646) 755 9608
SOURCE Russian Business News Network
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
Mar. 23, 2017 07:15 PM EDT Reads: 4,237
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
Mar. 23, 2017 06:00 PM EDT Reads: 1,252
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
Mar. 23, 2017 04:15 PM EDT Reads: 2,417
SYS-CON Events announced today that Loom Systems will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2015, Loom Systems delivers an advanced AI solution to predict and prevent problems in the digital business. Loom stands alone in the industry as an AI analysis platform requiring no prior math knowledge from operators, leveraging the existing staff to succeed in the digital era. With offices in S...
Mar. 23, 2017 03:45 PM EDT Reads: 584
The taxi industry never saw Uber coming. Startups are a threat to incumbents like never before, and a major enabler for startups is that they are instantly “cloud ready.” If innovation moves at the pace of IT, then your company is in trouble. Why? Because your data center will not keep up with frenetic pace AWS, Microsoft and Google are rolling out new capabilities In his session at 20th Cloud Expo, Don Browning, VP of Cloud Architecture at Turner, will posit that disruption is inevitable for c...
Mar. 23, 2017 03:45 PM EDT Reads: 1,725
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Mar. 23, 2017 03:30 PM EDT Reads: 1,676
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
Mar. 23, 2017 03:30 PM EDT Reads: 1,569
Providing the needed data for application development and testing is a huge headache for most organizations. The problems are often the same across companies - speed, quality, cost, and control. Provisioning data can take days or weeks, every time a refresh is required. Using dummy data leads to quality problems. Creating physical copies of large data sets and sending them to distributed teams of developers eats up expensive storage and bandwidth resources. And, all of these copies proliferating...
Mar. 23, 2017 03:00 PM EDT Reads: 6,169
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
Mar. 23, 2017 02:30 PM EDT Reads: 2,350
In recent years, containers have taken the world by storm. Companies of all sizes and industries have realized the massive benefits of containers, such as unprecedented mobility, higher hardware utilization, and increased flexibility and agility; however, many containers today are non-persistent. Containers without persistence miss out on many benefits, and in many cases simply pass the responsibility of persistence onto other infrastructure, adding additional complexity.
Mar. 23, 2017 02:30 PM EDT Reads: 4,057
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
Mar. 23, 2017 02:30 PM EDT Reads: 1,421
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
Mar. 23, 2017 02:15 PM EDT Reads: 1,161
Pentaho has announced orchestration capabilities that streamline the entire machine learning workflow and enable teams of data scientists, engineers and analysts to train, tune, test and deploy predictive models. Pentaho’s Data Integration and analytics platform ends the ‘gridlock’ associated with machine learning by enabling smooth team collaboration, maximizing limited data science resources and putting predictive models to work on big data faster – regardless of use case, industry, or languag...
Mar. 23, 2017 01:00 PM EDT Reads: 2,097
SYS-CON Events announced today that T-Mobile will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on ...
Mar. 23, 2017 12:45 PM EDT Reads: 1,663
SYS-CON Events announced today that Addteq will exhibit at SYS-CON's DevOps Summit at Cloud Expo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Addteq specializes in creating innovative solutions to solve business processes through the use of DevOps automation. Addteq was founded on the firm belief that automation is essential for successful software releases. Addteq's products and services are centered around the fundamental approach of understanding the pr...
Mar. 23, 2017 12:30 PM EDT Reads: 2,729