Iskitimcement forecasts flat 2014 sales

Iskitimcement forecasts flat 2014 sales
Published: 30 May 2014

Tagged Under: Iskitimcement Russia Results 

Iskitimcement, based in Novosibirsk region, Siberia, said sales are expected to remain flat this year at 1.7M, according to Russian media.

The company plans to produce 1.703Mt of cement in 2014, up one per cent on the previous year, Esmerk Russian News reported.
Iskitimcement, in which Siberian Cement holds a 25 per cent stake, plans to invest develop its logistics system and to improve the product quality in 2014 with an investment of RUB75m, up 16.4 per cent on the 2013 development spend.  Looking further ahead, the company is said to be considering construction of a a 1.3Mta dry-process plant.?

In 2013, Iskitimcement posted a revenue of RUB 5.74bn (EUR 122.05m) under Russian Accounting Standards, up 11.8 per cent YoY. Net profit went fell 28.8 per cent to RUB 756.80m.

It is the sole cement producer in the Novosibirsk region and its products are sold in West Siberia, Urals, Far East, and Volga, as well as exported to Kazakhstan.