Sibirskiy Cement increases first quarter production in 2020

Written by Global Cement staff 21 April 2020

Russia: Sibirskiy Cement produced 525,000t of cement at its three plants in the first quarter of 2020, up by 14% year-on-year from 460,000t in the corresponding period of 2019. The 3.7Mt/yr Topkinskiy Cement plant produced 388,000t, up by 21% year-on-year from 320,000t; the 1.1Mt/yr Krasnoyarsk Cement plant produced 97,600t, down by 17% year-on-year from 118,000t and the Timluy Cement plant produced 39,600t, up by 73% year-on-year from 22,9000t. Sibirskiy Cement’s first vice president Gennady Rasskazov said, “Cement consumption in Siberia, Buryatia and the Trans-Baikal Territory reached 845,000t in the first three months of 2020, up by 15% year-on-year from 735,000t.” He said that April 2020 has brought a ‘significant decrease in demand,’ and revised Sibirskiy Cement’s projected 2020 sales to an estimated decrease of 7-10% from 3-5% growth. Over a two-and-a-half-month period, Rasskazov predicted a 30-50% sales fall.

Last modified on 22 April 2020

Published in Global Cement News

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