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Yakutia lost the cement plant

The Vostokcement group of companies (Primorsky Krai), the largest cement producer in the Far East, has completely bought out the cement plant from Yakutia. The company acquired 48,88% of the shares of OJSC Production Association Yakutcement (Yakutia), bringing its share in this enterprise to 100%.

As Vostokcement's press service reported, the block of shares was bought in early January of the year 2014 as a result of auctions organized by the Republic of Sakha (Yakutia). The Republic in the person of SUE "Committee on Precious Metals and Precious Stones of the RS (Y)" received 400 million rubles from the transaction.

The acquisition of Yakutcement made it possible to make the management system more efficient within the framework of the Vostokcement holding company, as well as expand the possibilities for the modernization of production and investments in the enterprise.

“Thanks to the acquisition of a controlling stake in 2011 by the Vostoktsement group of companies, firstly, the cement deficit for the Yakut consumer was avoided due to supplies from other cement factories of the holding, secondly, the holding’s capacity allowed for the acquisition of expensive equipment and a long-awaited modernization one of the furnace in the shortest possible time, "- said in a statement.

We should note that at the beginning of the year there was an acute shortage of cash at the enterprise. Therefore, in January of the year 2014, OAO Yakutcement announced a share sale of cement at fixed prices in accordance with the 2013 price list.

Meanwhile, 2013 year was a very productive year for Yakut Cement OJSC. The only cement plant in Yakutia, according to the preliminary results of 2013 of the year, actually produced 303 000 tons of cement instead of 280 000 tons released for the same period of 2012 of the year. Scheduled task completed on 104,5%. The plan was also overfulfilled with the release of calibrated clinker (by 136,5%), over 17 000 tons of these products were sold to consumers. The release of rubble was also carried out over the plan - by more than 140%, Yakut builders this year received more than 897 thousand tons of this product.

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