Displaying items by tag: Belarusian Cement Plant

Belarus: Belarusian Cement enterprises produced 5.34Mt of cement in 2024, up by 7% year-on-year, with shipments rising by 10% and total sales to domestic and foreign markets by 6.5%.

The holding company’s three plants, OJSC Krasnoselskstroymaterialy, Belarusian Cement Plant and OJSC Krichevcementnoshifer, accounted for 86.5% of domestic cement sales in the first quarter of 2025. The group also exports to Russia, supplying up to 10% of demand in the Central and Northwestern Federal Districts. It plans to increase market share further by modernising its production lines.

Belarus: Belarusian Cement Plant made a net loss of US$13.8m in 2024, according to the company’s annual report. This was a 13% increase in its loss compared to 2023. The company’s revenues reached US$163m, an 18% year-on-year rise. The company is over 99% state-owned.

Belarus: Despite revenue increases for two of its three major cement companies, the cement industry in Belarus recorded net losses in 2023. According to Business World Magazine Ukraine, Krychaucementnashyfer saw a 9.3% rise compared to the previous year, while Krasnaselskstroymateryjaly experienced a 5.6% year-on-year rise in revenue. Conversely, Belarusian Cement Plant's revenue declined by 2.9%. Overall, the sector's losses totalled nearly US$64.2m, representing a year-on-year increase of 50%.

Krychaucementnashyfer's losses escalated nearly fourfold to US$36.9m, while Krasnaselskstroymateryjaly's losses doubled to US$16.9m. However, Belarusian Cement Plant managed to reduce its net loss by 16%, resulting in a loss of US$10.5m.

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.