HeidelbergCement Ukraine reduced its loss by 55.6 per cent to -UAH289.17m (US$10.76m) from -UAH361.73m in 2016, according to a company statement.

This follows a 62.7 per cent increase in losses in 2015 to -UAH650.9m.

The company has operated in the Ukrainian market since 2001 with cement factories in Kryvyi Rih and Kamianske, Dnipropetovsk region and Novoamvrosiivske and Yenakieve, Donetsk region as well as premixed concrete and granite macadam.