BaselCement to ’become Russia’s biggest cement importer’

BaselCement to ’become Russia’s biggest cement importer’
25 February 2008

BaselCement and Turkish Cimentas signed a two-year contract for the delivery of 2Mt of cement to Russia. Thanks to this deal, BaselCement will become Russia’s biggest cement importer.

In 2007, the country’s cement prices exceeded average European prices by some 150% and in some months increased by more than 10% per month. By the time the Russian government’s Affordable Housing programme begins in 2009-2010 and the construction of major infrastructure projects gets underway, Russia will need an estimated 80-90Mta of cement. Demand for cement in Russia is constantly growing.
In the short-term, import deliveries can partially solve the problems Russian builders and developers are facing, says Dmitry Savenkov, Managing Director of BaselCement. BaselCement is the best partner for us, and we hope to enjoy long-term and fruitful collaboration with it, said Paolo Bossi, vice-president of Turkish Cimentas. This company offered the most advantageous terms, as well as the biggest volume, which we accepted. The first consignment of Portland cement will be delivered to the port of Novorossijsk at the end of February. The cement from Turkey will be shipped in special packs, each weighing 1.5 tons. From Novorossijsk, the cement will be supplied to Russia’s Southern Federal District, the North-West (including Leningradskaya Oblast and St. Petersburg) and Moscow.

Published under Cement News