Eurocement sums up 2003 production results

Eurocement sums up 2003 production results
Published: 27 January 2004

Eurocement Holdings produced 7.5Mt of cement in Jan-Dec 2003. Eurocement made 816,000t of bagged cement, up 16.6 per cent as compared to 2002. Some 50 per cent of the output falls to JSC Maltsovsky Portlandcement that produced 3.55Mt of cement in 2002. The company made 312,000t of bagged cement, an increase of 22.4 per cent as compared to Jan-Dec 2002. The company will make 8Mt of cement in 2004. Maltsovsky Portlandcement expects a 200,000t increase in output. JSC Savinsky Cement Plant remained a leader among the holding’s companies in terms of growth rate. Having produced 700,000t of cement, Savinsky posted a growth rate of 41 per cent. Mikhailovcement output growth rate made up 19 per cent, Lipetskcement grew at a rate of 3.2 per cent.