Eurocement to build new plant

Eurocement to build new plant
Published: 20 July 2005

Russia’s holding Eurocement Group plans to build a cement plant in Russia’s Voronezh Region, Irina Plotnikova, the spokeswoman for the regional governor told Prime-Tass Tuesday.    The Governor of the Voronezh Region Vladimir Kulakov and the President of Eurocement Group Mikhail Skorokhod have reached agreement on the construction, she said.   The production capacity of the plant is estimated at 2Mta, while investment in the project is to be about US$300m, she said.  
 
Eurocement is currently conducting a preliminary study for the project, Plotnikova said, adding that it may sign an investment agreement with the administration of the Voronezh Region in September.   The construction of the plant is scheduled to begin this year and is expected to last for two and a half to three years, Plotnikova said. 
 
Eurocement Group currently accounts for about 40 per cent of the Russian cement market and incorporates 14 companies. In June, Eurocement Group announced that it is building a new cement plant in the city of Lipetsk. The investment in the plant is estimated to be about US$150m.