Belarus to export 1.8Mt in 2015

Belarusian manufacturers are expected to export 1.8Mt of cement in 2015, including 1.3Mt to be supplied to Russia's Eurocement, Construction Minister, Anatol Chorny, told reporters in Minsk on Thursday.

Belarus sold 980,000t of cement to Eurocement in 2014, Mr Chorny noted. "This year we have signed an exclusive contract for the supply of 1.3Mt,” he said.

“The contract is advantageous to Belarus because 50 per cent of the total amount shall be paid in advance and the rest shall be paid within 10 days after the delivery date. If the price of cement in the Russian market is lower [than in Belarus], the Russian company will cover the losses. If the price will be higher, the difference will be equally divided."

Belarus will also export cement to Russia's Kaliningrad exclave, Poland and Lithuania this year, Mr. Chorny said. AAT Krychawtsementnashyfer in Krychaw, Mahilyow region, operated at a loss last year, Mr Chorny added. (Source: BelaPAN)