Povazska cementaren profit down

Povazska cementaren profit down
Published: 31 May 2005

Slovak cement maker Povazska cementaren made profit worth almost Sk177 million in 2004, a drop of five per cent on the year, Jozef Sutara, an assistant to Povazska CEO, told CTK today.   Sales were flat year-on-year at Sk1.565 billion. The company produced over 750,000t of cement, of which more than half was exported above all to the Czech Republic and Germany.   Povazska invested about Sk200 million last year, mainly in technologies and a switch to alternative power sources.   It projects this year’s profit at Sk100 million and investment at Sk290 million.  

Povazska is the oldest cement producer in Slovakia. It is the second largest after Holcim Rohoznik.  Povazska is majority owned by Germany’s Berger Holding with almost 73 per cent of shares. Lafarge Beton Bratislava owns over 25 per cent of the company.