Sibtsem acquires Kamenskiy plant, Russia

Sibtsem acquires Kamenskiy plant, Russia
Published: 07 July 2006

A stake in the Russian Kamenskiy cement plant’s (KCZ, Kabanskiy district, Republic of Buryatia) property has been sold to Timluyiskiy Cement Plant (TCZ, Siberian Cement), said financial director of KCZ Viktor Zinkevich. He told starting price of buildings, erections, industrial equipment and movables made up some RUR18 million. Viktor Zinkevich refused to name the final deal’s sum. Besides TCZ, two Kemerovo-based companies took part in open tenders for selling property of Lamenskiy plant: Machines and Equipment Leasing and Torgtekhsistem. Now KCZ in under external management, a part of KCZ’s property is leased by TCZ.