Lafarge SA plans to build a cement plant in Russia’s Rostov Region, the press office of the regional economic development ministry said Friday. The relevant protocol was signed between the region’s governor Vladimir Chub and the company’s management during the St. Petersburg International Economic Forum.
The size of investments in the project was not provided. The plant is expected to be located in the region’s Matveyevo-Kurgansky district. It will annually produce 2Mt of cement at the first stage, which is expected to be launched in 2011. The capacity is expected to reach 4Mt after the start-up of the second stage in 2015.
Initially, the company planned to build in the region a cement plant with an annual production capacity of up to 1.8Mt, with investments estimated at no more than US$300m.
Lafarge has a presence in 75 countries. It has four plants in the Commonwealth of Independent States, namely in Russia’s Moscow and Chelyabinsk regions, Ukraine and Moldova.