Sibirskiy Cement production stable in 1Q18

Russia’s Sibirskiy Cement produced 473,500t of cement in January-March 2018, maintaining a stable output when compared with the equivalent period of the previous year, according to Esmerk Russian News.

Topkinskiy Cement produced 320,100t of cement, Krasnoyarsk Cement 126,800t and Timluysky Cement 26,500t.

Analysts reported that cement demand in Siberia fell 2.6 per cent YoY to 670,000t in the first quarter of 2018. Gennadiy Rasskazov, first vice-president of Sibirskiy Cement, expects a recovery in cement demand to last year’s level or even show modest 1-2 per cent growth by the end of 2018.