Vassiliko announces plans to increase production

Vassiliko announces plans to increase production
Published: 27 February 2008

Production capacity of Vassiliko Cement Works (VCW) is set to increase with the addition of a new clinker production line, is expected to become fully operational by mid-2010.

The company’s CFO G. Savva stated that the new VCW’s production capacity would increase to 2.4Mta of cement (corresponding to 2Mta of clinker) from the current 1.85Mt of cement.  
 
The cost of the new production line is estimated to exceed EUR130m, whilst the new production line is expected to bring further cost containments and cost synergies to the company.