Central Asia's largest cement plant jumps in commodity exchange trade (Exclusive)

Business Materials 5 November 2018 16:24 (UTC +04:00)

Baku, Azerbaijan, Nov. 5

By Fikret Dolukhanov – Trend:

Since entering the exchange market back in October 2018, Sherabad Cement Plant sold over 26,700 tons of cement worth 10.6 billion soums at the Uzbek Commodity Exchange (UZEX), the Uzbek company told Trend.

According to the information, the exchange quotation of the plant for cement family CEM I 42.5N amounted to 422.600 soums per ton, for CEM II / A-L 32.5N - 389.800 soums per ton. The main buyers of products were companies from the Surkhandarya, Samarkand, Jizzakh and Kashkadarya regions, the total share of which was 89 percent.

The company reported that at present eight standard exchange contracts have been opened for the sale of cement of the CEM I 42.5N and CEM II / A-L 32.5N families to the domestic market. The starting price of contracts is 336,000 soums per ton.

A new seller on the UZEX, the company hopes, will contribute to the development of competition and will have a positive impact on the situation in the domestic cement market.

The Sherabad Cement Plant, the largest in Central Asia, was opened in the Sherabad district of the Surkhandarya region of Uzbekistan in August 2018. The construction of the plant was carried out by Almalyk Mining and Metallurgical Combine (AMMC).

Construction of the Sherabad Cement Plant has been carried out by Almalyk Mining and Metallurgical Combine (AMMC).

The cost of the project is $212.8 million, and its capacity is 1.5 million tons per year. The main part of the production will be directed for domestic demand.

The Turkish DAL Teknik Makina Ticaret ve Sanayi AS company also participated in the construction of the plant. The modern foreign equipment has been installed in the enterprise.

In January-September 2018, cement production in Uzbekistan decreased by 4.7 percent and amounted to 5,634,800 tons against 5,912,900 tons in 2017.

In the reporting period, the sale of cement through the Uzbek Commodity Exchange amounted to 4,526,900 tons, which accounts for 80.34 percent of the total volume of production.

(8236.87 soums = 1 USD on Nov. 5)


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