A new cement plant is being proposed for Russia’s Middle Urals region, according to Yuri Chumerin, the director of the Union of Construction Industry Enterprises of the Ekaterinburg region.
Among potential investors are the Russian financial conglomerate Renova Group, Ural Mining and Metallurgical Company (UMMC) as well as Russia’s leading producer Eurocement. Currently the companies are completing feasibility studies for the project. The location of the plant as well as its potential production capacities are as yet undisclosed, although there is a possibility that the new facility could be established in the northern part of the region. Total amount of investments is estimated at EUR300m, while completion is scheduled for 2015-2016.
According to local Ekaterinburg region authorities, construction will be a necessity for the region in a view of a potential shortage of cement in the Middle Urals, which is expected in the near future. At present there are two cement factories in the Ekaterinburg region in Sukhoy Log and Nevyansk (the latter is owned by Eurocement), which is insufficient, due to the size of the region and increasing construction demand.