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Economy 15/07/2011 Ahangarancement not to pay dividends for 2010
Ahangarancement not to pay dividends for 2010
Tashkent, Uzbekistan (UzDaily.com) -- General shareholders meeting of Ahangarancement open joint stock company distributed net income for 2010.

According to the decision, the company will keep 100% of net income, received in 2010. The company will not pay dividends for 2010.

As reported earlier, net income of Ahangarancement OJSC made up 91.103 billion soums in 2010 against 68.895 billion soums in 2009.

Ahangarancement OJSC is the second largest cement plant of Uzbekistan. Its market share is 27.9%. The enterprise exports cement to Kazakhstan, Kyrgyz Republic and Turkmenistan. The enterprise produces mineral wool products, construction mixtures, ferroconcrete items.

Eurocement Group Holding, an international vertically integrated industrial holding, is a leading producer of building materials in Russia.

Eurocement Group Holding is one of the 10 major cement companies in the world and unites 16 cement plants in Russia, Ukraine and Uzbekistan, as well as plants producing concrete, reinforced concrete constructions, quarries of nonmetallic materials, and industrial engineering enterprises.

Productive capacity of holding enterprises amounts to 37.5 million tonnes of cement, 10 million m3 of concrete. Nonmetallic reserves for carbonate strata with total explored reserves exceed 2.8 billion tonnes, and those for granite with reserves are about 1.8 billion tonnes.

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