Russia’s Eurocement Group to up invest in unit to RUB1bn 2008

Russia’s Eurocement Group to up invest in unit to RUB1bn 2008
Published: 17 March 2008

Russian cement producer Eurocement Group plans to invest over RUB1bn rubles in one of its subsidiaries, Pikalevsky Cement, this year, Eurocement Group said Friday.

In 2007, Eurocement Group invested RUB132m in the subsidiary, the group said.

Pikalevsky Cement produced 2.1Mt of cement in 2007.

Eurocement Group controls 16 cement plants in Russia, Ukraine and Uzbekistan. Eurocement’s annual production capacity totals 35Mt.