Eurocement Group, the largest cement producer in Russia, intends to build a new plant on the site of the Podgorenskiy Cementnik factory (Voronezh Region, central Russia), with an annual capacity of 2.4Mt of cement.
Construction is to be launched in early 2008 and completed in 2010. The Russian cement holding has reportedly already signed a contract with FLSmidth Ltd. for equipment supplies. BNP Paribas will act as a financial partner of the project under guarantees of the Danish export credit agency EKF. The general designer of the project is the Ramboll design bureau.
By the end of the year, Eurocement Group is also planning to sign four contracts for building new cement plants with total investments exceeding RUR60bn (US$2.348bn).
Until 2011, the company intends to annually invest over RUR30bn ($1.174bn) in building new production facilities and lay the foundations for two new plants. By implementing these measures, the holding will increase its capacities by 21Mt by 2015.