Ribnita cement plant, based in Moldova’s breakaway region of Transdniestria, plans to invest US$6m this year to increase its capacity.
"We plan to produce 750,000t of cement this year and to increase the capacity to 1.1Mt by the end of 2008," Novii Region quoted plant’s managing director Oleg Dianov.
The cement plant is majority owned by Russia’s leading mining and metallurgy holding company Metalloinvest.
Ribnita Dianov sells its output not only on domestic market but exports to Ukraine, Russia, Romania and the Baltic countries, Dianov said.
He added that the plant will invest around $300,000 to reduce the level of dust emissions generated during cement production to protect the environment this year.