Eurocement Group Business of Uzbekistan boosts Output 16%

Eurocement Group Business of Uzbekistan boosts Output 16%
Published: 21 February 2007

After being incorporated in the Eurocement Group, the Akhangarancement mill of Uzbekistan tangibly improved performance in 2006.
 
Thus, Akhangarancement’s output rose from 1.15Mt of cement in 2005 to 1.34Mt in 2006, a 16.5% growth YoY. A 1.62Mt cement output is targeted this year. Jointly with the Eurocement Group, Akhangarancement managers continue taking measures to raise equipment productivity and improve the mill’s financial and economic situation. Over 7.5 billion sum was invested in the second half of 2006 and another 8.5b sum is to be invested in 2007. Much is being done to improve environmental protection. Over 634.5m sum is to be appropriated for these purposes in 2007. 
 
Akhangarancement, the second biggest cement maker of Uzbekistan, controls 24% of the domestic market. Its products are exported to Kazakhstan, Afghanistan, Tajikistan and Turkmenistan. In 2006, exports accounted for over 7.0% of the mill’s output.