Lipetsktsement to invest in upgrade in 2008

Lipetsktsement to invest in upgrade in 2008
Published: 08 February 2008

Russian-based manufacturer Lipetsktsement said it produced 1.5Mt of cement in 2007. The company forecasts a growth rate in 2008 of be around 11%. Under an investment programme relating to upgrade its facilities over RUR250m was spent in 2007 – twice the amount posted in 2006. Within the development of its concrete business a new mortar-concete plant was constructed to produce 60m3 per hour last year, it will come on-stream in February 2008. In 2008 investments in the plant will rise by 64% to RUR416mln, the company’s press service said.