Cement production in Belarus to drop by nearly 4% in 2014
Over the last couple of years, cement production capacity in Belarus has more than doubled, increasing from 4.6-4.7 million tonnes per year at the end of 2011 to around 10 million tonnes in 2013. However, the recent development of the country’s cement industry has generated many financial difficulties for domestic cement companies. The modernisation required a total investment of more than $1bn, which was mostly covered by loans from Chinese investors. Financial difficulties for the three cement producers in Belarus have grown mostly due to the failure to increase exports as well as due to the falling demand on the domestic market.
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