After closing its cement plant located in Kazakhstan’s Almaty region over the weekend, International Cement Group has decided to reopen its plant due to the “stabilised” situation in the country.
Kazakhstan had been facing unrest since demonstrations began on Jan 2 in the town of Zhanaozen.
“Since a state of emergency and nationwide curfew still remain in place, management will continue to be vigilant and take the necessary precautionary measures to ensure the safety of our employees,” reads the group’s statement released on Jan 13.
The group adds that it is unable to quantify the extent of the financial impact from the unrest.
Shares in International Cement Group closed 0.1 cent higher or 4.17% up at 2.5 cents on Jan 13.
