Tsesla Cement factory investments

Tsesla Cement factory investments
Published: 24 March 2004

HeidelbergCement is planning to invest US$100m into further construction of the open joint-stock company "Slavjansii Cement Factory Tsesla" located close to St Petersburg. The Tsesla factory produces more than 1Mt of cement each year. The German owners of the factory first told of their plans to increase the production capacity of the factory in the summer of 2003. At that time however HeidelbergCement was planning a lower investment spend.  Vladimir Dzhabirov, the director general of Tesla said that at the current time the factory owners are planning to invest about US$100m. The project will include re-equipping the factory with foreign equipment. Imports of cement into the North-West of Russia/St Peterburg region are said to amount to 450,000t of cement annually. Expansion of Tesla will help to counter such import trades.