Siberian Cement suspends investments in all new projects

Siberian Cement suspends investments in all new projects
Published: 28 August 2009

According to a new investment program of the second largest cement holding of Russia - Siberian Cement Holding Company OJSC, the company has suspended investments in all new projects. Only a line at Krasnoyarsk Cement Plant (1.2Mta) is under construction. The holding will start constructing another five plants with a capacity of 10Mt and with the volume of investments over US$1.5bn in 2-4 years, when, according to analysts forecasts, demand for cement will be restored, Kommersant reported