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Two enterprises of the construction industry to enter Belarusian Cement Plant

JSC “Mogilevzhelezobeton” and JSC “Lyubansky Industrial Complex of Building Materials” will enter JSC “Belarusian Cement Plant” (Kostyukovichi). According to Andrey Shmatkov, the deputy director general of “Belarusian Cement Plant”, the merger was initiated by the Construction and Architecture Ministry of Belarus.

JSC “Belarusian Cement Plant” held a special Shareholders' Meeting to approve the transfer acts of Mogilev and Lyuban enterprises and to confirm the decision of increasing the collective investment fund of JSC “Belarusian Cement Plant” through share issue.

According to the information of the Construction and Architecture Ministry, this year's target is to create vertically-integrated structures based on three cement plants. In 2014 the holding will be created to include cement plants and reinforced concrete production enterprises. It is supposed to cut down production costs of building materials, expand the trade area and raise sales and profits.

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