Cement News tagged under: Belarussian Cement Plant
Belarusian cement plants post losses16 April 2024, Published under Cement NewsIn 2023 OAO Krichevcementnoshifer reported a loss of BYN120.65m (US$36.9m), a fourfold YoY increase despite a 9.3 per cent YoY revenue increase, according to Charter 97. OAO Krasnoselskstroymaterialy doubled its loss to BYN55.1m in 2023 when compared with 2022 while its revenue saw a 5.6 per cent YoY uptick. The OJSC Belarussian Cement Plant reduced its net loss by 16 per cent to BYN34.36m in 2023 while its revenue declined by 2.9 per cent over the same period. The Belarusian ce... |
Belarusian cement industry yet to see a return on investment13 September 2019, Published under Cement NewsThe chairman of Belarus’ State Control Committee, Leonid Anfimau, has stated that the funds invested in the domestic industry have yet to see a return. "The state has spent huge sums of money – more than US$1bn – on the "modernisation" of cement plants, while hundreds of millions of dollars in state support have been provided. There is no expected return on these funds so far," said Mr Anfimau. The three plants of the domestic cement industry are all part of the Belarusian Cement Co holdi... |
OAO Belarusian Cement Plant shows potential22 January 2018, Published under Cement NewsOAO Belarusian Cement Plant, part of the Belarusian Cement Company, has potential for development. The Belarusian economy minister, Vladimir Zinovsky, made this statement when he visited the plant on Saturday, according to BelTA. The minister also noted that the business can grow through cost reduction efforts and by introducing new competitive products with a high added value. Mr Zinovsky stated that the stable operation of the company is a factor in the sustainable economic development ... |
Belarus government increases stake in three cement producers29 September 2017, Published under Cement NewsThe Council of Ministers in Belarus has issued a directive providing for an increase in the government’s stake in three cement producers. The government will raise its stakes in Belarussian Cement Plant in Kastsyukovichy and Krychawtsementnashyfer in Krychaw, which are both in the Mahilyow region, as well as Krasnaselskbudmateryyaly in the Vawkavysk district, Hrodna region, according to Belapan news service. The increase will equal the amount of financial support provided to the companies... |
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