Russian Eurocement Sets Up Subsidiary in Ukraine

Russian Eurocement Sets Up Subsidiary in Ukraine
Published: 22 June 2005

Russian major cement producer Eurocement Group set up a subsidiary in Kiev, Ukraine, under the name Eurocement Group-Ukraine, it was reported on June 21, 2005.  The new subsidiary will manage the group’s two cement plants in Ukraine. The Antimonopoly Committee of Ukraine recently authorised Eurocement Group to acquire controlling stakes in Baltsem and Pushka cement plants.  Eurocement Group seeks to invest some $27.5m in the modernisation of the two Ukrainian plants by 2007.