Russia: RATM Holding's Iskitimcement Cement Plant has reported a rise in its output by 23.1% year-on-year to 1.12Mt for January to September 2012. Deliveries rose by 28.9% to 1.29Mt in the same period.
In July to September 2012 Iskitimtsement produced 535,000t of cement and sold 579,369t. In September 2012 the company's output reached 168,000t and sales were 187,434t. Iskitimtsement has said that it plans to boost 2012 production by 9.4% year-on-year to 1.4Mt/yr.
Nationally, cement production in Russia to expected to reach 61Mt in 2012 as the construction industry continues to drive growth. During the first half of 2012, construction output managed to maintain a growth pace above that of the gross domestic product (GDP), recording a 5.4% expansion in year-on-year terms while GDP managed to expand by only 4.5% for the same period. At the same time, the production of cement in Russia totalled nearly 27.8Mt in the first half of 2012, representing a 14.1% annual increase. The sector is expected to further intensify in the near future due to large investments by public authorities in construction projects.
