Russia: Sibirsky Cement reports 17% drop in output

Production at the Russian cement company Sibirsky Cement fell 17 per cent YoY to 3.169Mt in 2016, said the company in a statement. The company attributed to declining sales to contracting domestic demand.

Sibirsky expects demand for cement to fall 8-10 per cent to 4.7-4.8Mt in 2017.

Output at Topkinsky Cement, Kemerovo region, declined 22 per cent YoY to 2.15Mt in 2016 while Krasnoyarsky Cement saw production slip three per cent to 752,500t. The Timlyuisky plant posted a 10 per cent decrease in output to 268,800t.