OREANDA-NEWS. February 8, 2012. The event was organized by the Savings Bank of Russia and “Troika Dialog within the frameworks of the “Russia Forum 2012.

The main topics of the aforementioned event were: global trends in the cement market and the key sources of growth for the cement industry in Russia.

Vladimir Guz, managing partner of consulting company “SMPro, Alex de Valukhoff CEO, Lafarge Russia, Oleg Ivaschenko, CEO, Novoroscement, Igor Levit Chairman of the Board of Directors of OJSC LSR Group, Andrei Elinson, Deputy General Director, “Basic Element Group of Companies and Mikhail Semenov, Director General, Renova Stroy Group also made presentations at the forum.

James Corrigan, Managing Director, Investment Banking, Troika Dialog Moderated the session.

The workshop was also attended by Oscar Ratsin, Deputy Head of investment banking, Troika Dialog, Ruben Indzhikyan, organizer of the Global Commodity Forum in Geneva in 2010 and representatives of investment funds. All these people acted as opponents.

In his speech, Mr. Skorokhod stressed that currently Russian cement industry was facing serious investments and implementing new technological solutions. Russian cement industry plans to achieve 31.2 million tons of cement capacity by 2015 by introduction of new capacities. The EUROCEMENT group Holding plans to strengthen its leading position in the cement market by carrying out the commissioning of the new production lines and plants in Russia and the CIS countries with total capacity of 15 million tons.

According to the “EUROCEMENT group Holding the balance between production and consumption of cement products and the optimal pricing policy will be achieved by 2015. Despite the high competition in the market and a large number of players, annual growth of cement prices in Russia is expected to rise by 5-7%. The total volume of cement consumption in Russia will almost double in value from USD  6.7 billion in 2011 to USD  12.2 billion by 2015. Forecast of cement consumption will increase to 86 million tons by 2015 according to the initial scenario.

Investments in such projects as “dry process cement plants in Russia are estimated at USD  7 billion, about USD  3 billion of which is investments of the “EUROCEMENT group Holding in Russia. This figure is the largest amount of investments in the aforementioned field.

President of the of the “EUROCEMENT group Holding is convinced that the increase in demand for cement will be supported by the program aimed at the construction of housing, transportation program and a large number of events held in Russia which include: 2014 Winter Olympics in Sochi, the FIFA World Cup 2018 and Moscow expansion project.