Displaying items by tag: Krasnoselskstroimaterialy

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 Company subsidiary Krasnoselskstroimaterialy has reported total costs savings across its operations of Euro1.34m in 2020. Belarus: Daily News has reported that the company undertook several and diverse measures to achieve the reduction.

The company said, "We have replaced imported bottom ash mix with high-aluminium clay from our own deposit.” It added, “The coal content of the fuel mix rose to 85%. We have also optimised the use of raw materials in the production of cinder blocks. This has helped to reduce the cost of their production by means of decreasing the usage rates for cement, lime and thermal energy."