Novoroscement

Novoroscement is a producer of cement with its headquarters located in Novorossiysk, Russia. The company's full name is Открытое акционерное общество Новоросцемент.

History

The company originated in 1882 when the first cement factory in Novorossiysk was launched, named the Black Sea Society Cement Production.
In 1922, the Novoroscement trust was established as part of the restoration of factories that were destroyed during the Russian [Civil War]. In 1992, the Novoroscement plant was privatised.

Owners and executives

The owner of all the company's shares is the Russian holding company.
Oleg Burlakov played a significant role in company's post-Soviet development.

Activity

The company owns three cement plants in the Krasnodar Territory – The Proletariat, October and Pervomajskij. These plants produce cement from high quality local raw materials, especially marl.
Cement production in 2009 amounted to 3.8 million tons of cement. The company's revenue for 2009 amounted to 7.69 billion rubles., net profit -— 1.29 billion rubles.. Cement production in 2007 totalled 3.8 million tons, with total revenue of US$400 million and net profit of US$215 million, as reported according to International [Financial Reporting Standards|IFRS] standards.