Bosnian cement plant Tvornica Cementa Kakanj (TCK), owned by HeidelbergCement, said it is to invest 6m marka (US$3.8m) this year to upgrade its production facilities.
"We plan to spend 5m marka on the construction of a new clinker storage silo and 1m marka on the renovation of our cement mills by the end of the year," TCK communications coordinator Emina Dedic said. She added the company has invested some 20m marka last year in a new lime quarry, a project that began in 2003 and is to be accomplished by July. The total amount invested in TCK by HeidelbergCement since the German company bought the cement plant in 2000 is some 60m marka, Dedic said.
The company said earlier this year it had a record-high output of 608,000t of cement in 2004, up from 535,000t the previous year. It also produced a record high 449,000t of clinker last year, up from 422,000t in 2003. Dedic said TCK is selling most of its output domestically and exports a small portion to neighbouring Croatia.