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27 Aug 2020

Belarusian Cement Company’s sales proceeds over 10% up in H1 2020

Belarusian Cement Company’s sales proceeds over 10% up in H1 2020
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MINSK, 27 August (BelTA) – In H1 2020 cement mills of the holding company Belarusian Cement Company increased sales proceeds by 10.3% to Br453.3 million in comparison with H1 2019, BelTA has learned.

In January-June 2020 Belarusian Cement Company made nearly 2.3 million tonnes of cement, 102.3% as against H1 2019. Of the total Belarusian Cement Mill made 851,900 tonnes of cement, 104.1% as against H1 2019. Krichevtsementnoshifer made 720,000 tonnes of cement, 100.3% as against H1 2019. Krasnoselskstroymaterialy made 715,900 tonnes of cement, 102.4% as against H1 2019. In January-June 2020 cement industry enterprises made nearly Br400 million worth of industrial products, 12.4% up from H1 2019.

Aleksandr Dovgalo, Director General of the state enterprise Managing Company of the Holding Company Belarusian Cement Company, underlined the importance of optimization of sales. “In addition to making cement we have to sell it at a max profit. With this in mind the managing company is diversifying target markets and stepping up presence in countries of the European Union, for instance, Poland, Lithuania, and Latvia. In H1 2020 the growth rate of export to Poland totaled 165.1%, to Latvia 215%, to Lithuania 108.5%. In this period cement shipments to St Petersburg virtually tripled. However, there are certain difficulties relating primarily to the epidemic situation in the countries that consume our products,” the executive said.

The source also stressed that the implementation of investment projects designed to reduce the prime cost of products is one of the most important factors behind the successful operation of the holding company and its enterprises. The most important projects of late include the construction of a process line to use RDF fuel in order to make clinker bricks, the construction of a line to prepare the heat transfer agent for a heat generator in Krasnoselskstroymaterialy, the reconstruction of a railway line, a fireproof materials warehouse, the modernization of a concrete mixture preparation system in Krichevtsementnoshifer. All these measures will definitely have a positive effect on performance and respectively on salaries of the employees.

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