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Evrocement Group/Tyazhmash signed agreement.

Evrocement Group and Tyazhmash Holding signed agreement on strategic cooperation, the company informed.

The parties are going to develop new equipment and components.

In 2013 Evrocement Group started the project on the building of new technological lines for the dry cement production.

Evrocement Group is included into the 8-list of the largest cement producers in the world. It involves 16 cement plants in Russia, Ukraine, Uzbekistan providing 40mln ton of cement and 10mln m3 of concrete in total. The reserves exceed 2.8bn ton.

Tyazhmash (TIN 6325000660) is one of the oldest plants working in the energetic, metallurgic, building, petrochemical, agro sectors.

The 9-month 2013 net profit (RAS) gained 766.971mln rub. vs. 316.065mln in losses prior year; revenues moved up 48.89% to 5.311bn rub. from 3.567bn rub.; profit from sales reached 1.134bn rub. vs. 323.287mln rub. in losses.; pretax profit - 1.096bn rub. vs. 380.844mln rub. in losses.

The 2012-net profit (IAS) rose 3.36 fold to 220.91mln rub. from 65.833mln rub. prior year; revenues - 21.14% to 8.869bn rub. from 7.321bn rub.; profit from sales - 8.29% to 2.691bn rub. from 2.485bn rub.; pretax profit - 74.34% to 315.767mln rub. from 181.122mln rub.

"AK&M", 30.01.2014


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