Russia’s Eurocement Group plans to increase output 10-12 per cent on the year to 26.1Mt of cement this year and increase investments in upgrades and development 40 per cent on the year to over 3 billion rubles, the holding’s President Mikhail Skorokhod told delegates at the Petrocem conference, St Petersburg.
In particular, Eurocement Group expects to produce 22.6Mt at its Russian cement plants and 3.5Mt at its Ukrainian plants, Skorokhod said.
In 2005 Eurocement Group drew up a US$560m three-year modernization program for its cement plants, Skorokhod said. Eurocement Group holds 55.5 per cent in Russian cement producer Eurocement. It controls 13 cement plants in Russia and two plants in Ukraine with a total annual production capacity of 33Mt.