Inekon to build cement works in Tajikistan

Inekon to build cement works in Tajikistan
Published: 04 April 2006

The Czech Inekon Group will build a new cement works worth US$100m in Tajikistan in two years under a contract recently signed with the company Izmoili Somonij. Inekon Group said in a press release on Sunday. Inekon Group had earlier signed a contract with GUP Tadzikcement for the modernisation of a cement works in Dushanbe worth US$73m or about Kc1.7bn, Inekon has also said. The new facility in Shartuz will produce 500,000t of cement a year, and output can grow to 2.5Mt a year. The project will be launched this year. The Czech Export Bank CEB will provide a loan for the cement works construction that will be insured by the EGAP export guarantee and insurance company. A loan contract will be signed in May, when the cornerstone will also be laid, said Inekon. PSG International will be in charge of construction work and PSP Engineering will supply technology.