Kuznetsk Cement Plant to provide investment funding

Kuznetsk Cement Plant to provide investment funding
Published: 01 January 2007

Caspian Resources (Kazakhstan), which recently bought 100% of the shares of Kuznetsk Cement Plant (Kemerovo region) will invest RUR200 million in the plant development in 2007, said Sergey Chernev, the plant’s Director General. The funds will enable the plant to double cement production to 700,000 tons per annum, which will be the first stage of production development. By the beginning of 2009, production volume could grow to 1 million tons per annum.