The Atlas group, which produces construction chemicals, plans to begin building a new cement plant in mid 2008. The company wants to have the plant up and running by the end of 2010.
The undertaking will cost more than PLN 700m (EUR196.1m), according to estimates. Atlas will seek a partner to help it carry out the project, but stressed that it would not be working with any other cement concern currently present on the Polish market.
The planned facility will have an output capacity of approx. 1.5Mta of cement by 2011. It will most likely be located in the Opoczno area, where the company owns lime deposits.
Atlas recently opened a gypsum and anhydrite mine in Niwice in Lower Silesia as well as a gypsum processing plant which it built at a cost of PLN 24.5m (EUR6.9m). In addition, the company is planning to establish a PLN 54m (EUR15.1m) construction gypsum factory in Konin in 2008-2009 and is also eying takeovers of companies in the construction chemicals branch. It expects revenues to top a billion zloty in 2010.