The Ukrainian Baltsem plant (Balakliia, Kharkiv region), one of the three major regional cement producers, increased cement production by 27.6 per cent or 55,100t compared with August 2004, to give a total of 255,100t. Clinker production increased by 39.9 per cent to 188,700t.
Baltsem, which is registered as open joint-stock company, finished the year 2004 with a loss of UAH 27.3m. Its net revenues increased by 25.1 per cent or UAH 48.773 million to UAH 243.433 million in 2004, compared with 2003.
In 2004 the company produced 1.753Mt of cement from 1.314Mt of clinker and according to data of the Agency for Development of the Stock Market’s Infrastructure as of June 2005, 96.77 per cent of the shares in Baltsem now belong to the Russia’s EuroCement Group.