Positive results for Eurocement Group’s subsidiaries

Savinskiy Cement

Eurocement Group’s subsidiary Savinskiy Cement has announced promising results for the first ten months of 2013. During the period, cement production increased by 6% y/y to reach 605 133 t, with clinker production rising by 11% y/y to 517 176 t. Production of the subsidiary’s most popular cement type CEM II/A-SH 32.5N came in at 480 149 t, 153 800 t more than the amount produced in the first ten months of 2012. Cement sales also experienced growth, with shipments up 3.4% y/y in 1Q13 – 3Q13.

In January – October 2013, 723 772 t of limestone and 168 1000 t of clay was extracted from Savinskiy cement plant’s quarry sites, representing as increase of 11.3% y/y and 29.9% y/y, respectively.

Akhangarancement

Akhangarancement, another subsidiary of Russia’s Eurocement Group, also reported a rise in cement and clinker production levels during the first ten months of the year. Around 1.33 million t of cement and 954 330 t of clinker was produced, 0.7% and 7.2% higher than in the corresponding period in 2012. Production of SHPC 400 cement increased by 189.6% y/y to 336 587 t, while packaged cement was up 11.6% y/y. Akhangarancement produced 29 341 t more of cement dispatched in paper bags than it did in January – October 2012. Sales volumes were up 0.2% y/y to 1.32 million t, and limestone extraction rose 8.4% y/y to 1.34 million t.

Adapted from press releases by Louise Fordham

Read the article online at: https://www.worldcement.com/europe-cis/09122013/akhangarancement_and_savinskiy_cement_results_490/