Mixed results for Ukrainian producers

Two of Ukraine’s leading  cement producers have reported a mixed set of full year 2012 results.

Volyn Cement ended 2012 with a net profit of UAH4.032m, according to preliminary data published by Ukrainan News. In 2011, it saw its net revenues up 50.72 per cent or UAH 219.35m to UAH651.838m, comparing with 2010. Volyn Cement is a subsidiary of Dyckerhoff of Germany and operates two integrated works with a combined capacity of 3Mta.

Podilskyi Tsement reported a loss of UAH101.418m for 2012, the company said in a statement. Podilsky Cement, which is a subsidiary of CRH, has spent €210m on a new kiln and on modernising milling capacity and other ports of the works’ infrastructure. The new kiln, which was commissioned in 2011, has a clinker capacity of 2.5Mta of clinker and the cement capacity is a little over 3Mta. The six wet kilns on the site are now in the process of being dismantled. The works, in southwestern Ukraine, primarily supplies the domestic market.