Kryvyi Rih Cement Expands Board

Kryvyi Rih Cement Expands Board
11 January 2008

The shareholders of Kryvyi Rih Cement, one of the five biggest cement producers located in Dnipropetrovsk region, Ukraine, at a meeting on January 9 extended the board from five to six members. The shareholders appointed Ihor Kublytskyi as board member. Kublytskyi works as finance director at
HeidelbergCement (Ukraine).

The shareholders also reelected board chairman Wieslaw Adamcik for another term, and reelected board members Ivan Kozurak, Petro Hryhorchuk and Iryna Yefymchuk. The appointments were made until January 10, 2011.

Kryvyi Rih Cement reported a net profit of UAH 57.394m for 2006, when its net revenues increased by UAH 92.393mor 25% to UAH 461.779m, compared to 2005. CBR Portland B.V. owns 99.964% of the shares in Kryvyi Rih Cement. CBR Portland B.V. is the Dutch affiliate of Germany’s
HeidelbergСement Group.
Published under Cement News