Eurocement set to sign contract with Chinese

Eurocement set to sign contract with Chinese
Published: 10 October 2009

China National Materials (Sinoma) and investment holding company CNBM will sign four cement production facilities construction deals with Russian cement maker Eurocement.

The move is part of plans by Russian firms to sign over $5.5 billion worth of deals with their Chinese partners during a visit by Prime Minister Vladimir Putin to Beijing next week, Putin’s deputy told Reuters in an interview.

The 34 deals will range from a $500 million loan agreement between China’s Development Bank and its Russian equivalent VEB to joint projects in transport, infrastructure, construction and mineral extraction, a draft list obtained by Reuters showed.