Russian deputy PM urges cement cos to up production for housing

Russian deputy PM urges cement cos to up production for housing
Published: 23 November 2006

Russian cement companies should increase their output to 85-90Mt of cement by 2010 from the current 65-75Mt in order to meet goals for housing construction, according to local news reports citing First Deputy Prime Minister Dmitry Medvedev.

Medvedev was speaking during his visit to Nevyansky Tsementnik plant, controlled by Russia’s Eurocement Group.

The increase is necessary to build 85-90Mm2 of housing per year by 2010, Medvedev said.

Eurocement Group plans to increase its output to 34Mt by 2010 from the current 25Mt, and thus produce one-third of cement in Russia, Eurocement Group’s representatives said.

Prices for cement on the Russian market currently stands at US$70/t, compared with $150/t on the international market, the company added.