- Novoroscement
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Novoroscement Type Public Industry Construction Materials Founded 1922 Headquarters Novorossiysk, Russia Products Cement Revenue 
14,051 billion rubles (2008, RBSU)[1]Profit 6,296 billion rubles (2008, RBSU)[1]Website www.novoroscement.ru Novoroscement is a major producer of cement with its headquarters located in Novorossiysk, Russia. The company's full name is Open Joint Stock Company Novoroscement.
Contents
History
The origins of the company are in 1882 when the first cement factory in Novorossiysk was launched, named the Black Sea Society Cement Production (now called The Proletariat).
In 1922 the trust Novoroscement 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 Cyprus offshore company Chevra Investments Limited. The ultimate beneficiary of this company is a Russian businessman, Lev Kvetnoy.[2]
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 2007 totalled 3.8 million tons, with total revenue of US$400 million, and net profit of US$215 million, as reported according to IFRS standards.[2]
References
External links
Categories:- Building materials companies of Russia
- Companies based in Novorossiysk
- Russian company stubs
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