Belarus: President Alyaksandr Lukashenka has approved the creation a new cement company, the Belarusian Cement Corporation. The new holding company is expected to control three cement manufacturers: Belarusian Cement Plant in Kastsyukovichy, Mahilyow region, Krasnaselskbudmateryyaly in Vawkavysk, Hrodna region, and Krychawtsementnashyfer in the Mahilyow region, as well as a transport and logistics company.
The Belarusian Cement Corporation is to be established in 2014 and attract a strategic investor in 2015. The establishment of the corporation is intended to decrease production costs, increase profits and raise exports. After project capacity is achieved in 2015, the company will have a cement production capacity of 9.5Mt/yr.