Displaying items by tag: Belarusian Cement Plant

Belarus: Belarusian Cement Plant produced 940,000t of cement during the first half of 2023. The figure corresponds to a year-on-year rise of 3.1%. The Respublika newspaper has reported that the company more than doubled its exports of cement to 719,000t – 76% of its production. Russia was the main destination for the producer’s cement exports. Belarusian Cement Plant recorded a capacity utilisation rate of 94% throughout the six-month period.

Belarus: The Belarusian government will acquire additional stakes in three cement companies in exchange for helping them to repay loans to China's Eximbank. The Council of Ministers has issued a directive that provides for restructuring the overdue debts incurred by Belarusian Cement Plant, Krychawtsementnashyfer and Krasnaselskbudmateryyaly as of 1 October 2014.

The three cement producers will receive the bailout on condition that they meet their profitability of sales targets for 2015 and fulfil their obligations to Eximbank starting 2015. Krasnaselskbudmateryyaly, Belarusian Cement Plant and Krychawtsementnashyfer owe US$34.4m, US$43.7m and US$50.6m to the Chinese bank, respectively, in overdue loan payments.

Belarus: The Council of Ministers has ordered Belarusian Cement Plant and Krychawtsementnashyfer to hand over the government-owned stakes to Belarusian Cement Company. The move comes as part of a merger of all of Belarus' cement plans to create a new holding company, Belasrusian Cement Company.

Belarusian Cement Company is to receive 7,723,192 shares from Belarusian Cement Plant and 196,697,461 shares from Krychawtsementnashyfer. Belarusian Cement Company was initially expected to control Belarusian Cement Plant, Krychawtsementnashyfer and AAT Krasnaselskbudmateryyaly. However, it is still unclear whether Krasnaselskbudmateryyaly will join the holding company.

Belarus' president, Alyaksandr Lukashenka, approved the merger, which was proposed by Pyotr Rudnik, head of the Mahilyow Regional Executive Committee. Uladzimir Kisyalyow was appointed as director general of Belarusian Cement Company. Prior to the appointment, Kisyalyow served as first deputy head of the Mahilyow Regional Executive Committee.

Belarus: The president of Belarus, Alexander Lukashenko, has approved the merger of the country's cement plants into a holding company under the name Belarusian Cement Plant. It will include Krasnoselskstroymaterialy, Krichevtsementnoshifer and Belarusian Cement Plant. The holding company will mainly focus on export growth, as Belarus' cement output capacity is currently more than double the domestic demand. Belarusian cement plants manufactured 5.05Mt of cement in 2013, up by 3.1% year-on-year. Belarus exported 1.37Mt of cement in 2013, up by 36.5% year-on-year.