Novoroscement is a major producer of

cement A cement is a binder, a chemical substance used for construction that sets, hardens, and adheres to other materials to bind them together. Cement is seldom used on its own, but rather to bind sand and gravel ( aggregate) together. Cement mix ...

with its headquarters located in

Novorossiysk Novorossiysk ( rus, Новоросси́йск, p=nəvərɐˈsʲijsk; ady, ЦIэмэз, translit=Chəməz, p=t͡sʼɜmɜz) is a city in Krasnodar Krai, Russia. It is one of the largest ports on the Black Sea. It is one of the few cities hono ...

Russia Russia (, , ), or the Russian Federation, is a List of transcontinental countries, transcontinental country spanning Eastern Europe and North Asia, Northern Asia. It is the List of countries and dependencies by area, largest country in the ...

. The company's full name is ''Открытое акционерное общество Новоросцемент'' (Joint Stock Company Novoroscement).

History

The company originated 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 Novoroscement

trust Trust often refers to: * Trust (social science), confidence in or dependence on a person or quality It may also refer to: Business and law * Trust law, a body of law under which one person holds property for the benefit of another * Trust (bus ...

was established as part of the restoration of factories that were destroyed during the

Russian Civil War , date = October Revolution, 7 November 1917 – Yakut revolt, 16 June 1923{{Efn, The main phase ended on 25 October 1922. Revolt against the Bolsheviks continued Basmachi movement, in Central Asia and Tungus Republic, the Far East th ...

. In 1992, the Novoroscement plant was privatised.

Owners and executives

The owner of all the company's shares is the

Cyprus Cyprus ; tr, Kıbrıs (), officially the Republic of Cyprus,, , lit: Republic of Cyprus is an island country located south of the Anatolian Peninsula in the eastern Mediterranean Sea. Its continental position is disputed; while it is geo ...

offshore company Chevra Investments Limited. The ultimate beneficiary of this company is a Russian businessman, Lev Kvetnoy.Bela Lyauv. New cement from Kvetnoy, ''Vedomosti'', № 130 (2152), 16 July 2008

Oleg Burlakov Oleg Leonidovich Burlakov (russian: Олег Леонидович Бурлаков; August 24, 1949 – June 21, 2021) was a Russian oligarch and billionaire. He was also the co-owner of Stroylesbank, the main shareholder of the Burneftegaz compa ...

played a significant role in company's post-Soviet development.

Activity

The company owns three cement plants in the

Krasnodar Territory Krasnodar Krai (russian: Краснода́рский край, r=Krasnodarsky kray, p=krəsnɐˈdarskʲɪj kraj) is a federal subject of Russia (a krai), located in the North Caucasus region in Southern Russia and administratively a part of t ...

– The Proletariat, October and Pervomajskij. These plants produce cement from high quality local raw materials, especially

marl Marl is an earthy material rich in carbonate minerals, clays, and silt. When hardened into rock, this becomes marlstone. It is formed in marine or freshwater environments, often through the activities of algae. Marl makes up the lower part o ...

. Cement production in 2009 amounted to 3.8 million tons of cement (in 2008 — 4.0 million tons). The company's revenue for 2009 amounted to 7.69 billion rubles. (for 2008 — 14.1 billion rubles), net profit -— 1.29 billion rubles. (6.29 billion rubles).''Александр Воробьев''. Битва с турками
// Ведомости — Ростов-на-Дону, № 89 (2607), 19 мая 2010250 крупнейших компаний ЮФО//Эксперт-Юг. 9-22 ноября 2009 № 42-43 Cement production in 2007 totalled 3.8 million tons, with

total revenue Total revenue is the total receipts a seller can obtain from selling goods or services to buyers. It can be written as ''P × Q'', which is the price of the goods multiplied by the quantity of the sold goods. Perfect competitor A perfectly comp ...

of US$400 million and net profit of US$215 million, as reported according to IFRS standards.

References

External links

Company website
Building materials companies of Russia Companies based in Novorossiysk Manufacturing companies established in 1922 Russian brands 1922 establishments in Russia Manufacturing companies of the Soviet Union {{Russia-company-stub