Cement News tagged under: Belarusian Cement plant

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Belarusian Cement Plant reports 7% production increase

07 July 2021, Published under Cement News

Belarusian Cement Plant has reported a 7.3 per cent YoY rise in production to 710,000t of cement in the first five months of 2021. The volume of production in actual prices rose 14.2 per cent to BYN115.9m (US$45.39m) during the period. The company reported BYN7m in sales profit in January-May 2021, with half of this amount made in May alone.

Belarusian president calls to improve cement exports

17 May 2019, Published under Cement News

The president of Belarus, Aleksandr Lukashenko, has called to raise the cement exports of the country during a meeting to appoint Alyaksandr Dawhala as the new CEO of Belarusian Cement Co, according to BelaPAN. "There is enough cement in our country," said Mr Lukashenko. "Cement industrialists once told me that they would like to double output and modernise production facilities. We invested money and modernised [production facilities], but it is necessary to effectively work in external m...

Belarusian Cement to merge with Minsk Silicate Materials

26 August 2016, Published under Cement News

Belarusian Cement Plant, located in the Kostiukovichi Mogilev region, is set to incorporate OAO Minsk Silicate Materials Plant. The merger is due to be finalised by December 2016. The Belarusian Cement Plant will increase its statutory capital by issuing 287,227 supplementary shares valued at BYN10 (US$4.97) each. These will be transferred to the state, expanding the state-owned stake in the cement company from 99.45 to 99.46 per cent.

Belarusian government to acquire additional shares

07 January 2015, Published under Cement News

The Belarusian government will acquire additional stakes in three cement companies in exchange for helping them to repay loans to China’s EximBank. The Council of Ministers has issued a directive that provides for the restructuring of overdue debts to the bank incurred by Belarussian Cement Plant, Krychawtsementnashyfer and Krasnaselskbudmateryyaly as of 1 October 2014. The three cement producers will receive the bailout on condition that they meet their profitability of sales targets f...

Belarusian Cement Corporation gets go-ahead

19 August 2013, Published under Cement News

Belarusian President Alexander Lukashenko has approved a plan for the creation of the holding Belarusian Cement Corporation. The new holding company is expected to comprise three cement plants: Belarusian Cement, Krasnoselskstroimaterialy and Krichevtsementnoshifer as well as a transport and logistics company. Work on establishing the holding company is expected to be complete in 2014. The government expects to attract a strategic investor the following year. This move should to help r...