Baltsem to increase cement production

Baltsem to increase cement production
Published: 11 June 2004

Ukraine’s largest producer of cement, the Baltsem plant (Balakliia, Kharkiv region), intends to increase cement production by 16.3 per cent or 0.246Mt in 2004 compared with 2003, to 1.75Mt.  According to a Baltcem spokesman in 2004 the plant intends to increase the volume of clinker burning to 1.5Mt following the completion of some recent upgrade work. Based upon the information of the Agency for Development of the Stock Market’s Infrastructure, 12.5% shares in Baltsem belong to Barrington Industries Ltd (Great Britain), 12.4% - to Verblood Traders and Consultants Ltd. (Cyprus), and 14.47% to Occidental Management Co. Ltd (Cyprus).