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News Siberian Cement’s cement production rises by 4% to 2.2Mt in the first half of 2020

Siberian Cement’s cement production rises by 4% to 2.2Mt in the first half of 2020

Written by Global Cement staff 15 July 2020
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Russia: Siberian Cement has reported a 4% year-on-year rise in total cement production across its five integrated cement plants to 2.2Mt in the first half of 2020 from 2.1Mt in the same period in 2019. Angarskcement increased production by 9% to 289,000t from 265,000t, Iskitimcement by 8% to 454,000t from 420,000, Krasnoyarsk Cement by 2% to 295,000t from 289,000t and Topkinsky Cement by 1% to 1.0Mt from 990,000t, while Timlyuycement kept production level at 165,000t. The group shipped 101,000m3 of concrete over the period, down by 21% due to the impacts of the coronavirus lockdown on demand.

Vice president Gennady Rasskazov said, “The first half of 2020 turned out to be a difficult period. In April 2020, which traditionally opens the high construction season in Siberia, construction collapsed and demand fell by 20% from April 2019 levels. We closed this gap on a half-year basis due to increased sales after construction resumed. However, the situation remains difficult, it is almost impossible to predict its development.”

Last modified on 15 July 2020
Published in Global Cement News
Tagged under
  • Russia
  • Siberian Cement
  • Results
  • coronavirus
  • lockdown
  • GCW464

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