Peter Ivanovich, how do you assess the current state of the cement industry in wartime conditions?
— The industry is going through a difficult, but at the same time, unique moment. On the one hand, a number of enterprises in the east have been stopped or damaged. On the other hand, the expected scale of the country's recovery guarantees an unprecedented demand for our product in the next 10-15 years.
We understand that we will have to modernize production - install more efficient furnaces, introduce EU emission standards. These are significant investments, but also a competitive advantage in the long run.
- Are there concrete plans to attract investments?
- Yes, we are negotiating with two European funds regarding joint modernization projects. It is still too early to disclose the details, but we expect to announce the deals by the end of the year.
