Cement News tagged under: Balkans
Armenia: Hrazdan Cement expected to increase output05 February 2016, Published under Cement NewsHrazdan Cement, located in Armenia’s central Kotayk province, is expected to increase output up to 200,000t, the country’s Minister of Economy Karen Chshmarityan, has said. Chshamrityan said in 2015 the plant produced about 80,000t of cement, the bulk of which was exported, Arka news agency reported. In 2015 autumn the company paid AMD150m of taxes and repaid wage arrears to the tune of AMD180m Hrazdan Cement is one of two cement producers in Armenia. In 2014 it received a US$4.6m loan fro... |
IFC invests in Titan's operations in Western Balkans27 June 2012, Published under Cement NewsTitan Cement announced the completion of a EUR50m equity investment by the International Finance Corporation (IFC) in Titan’s subsidiaries in the Western Balkans region including Macedonia, Serbia and Kosovo. The transaction results in IFC holding, through Titan Cement Cyprus, a minority stake of approximately 11.5 per cent in Titan’s operations in the aforementioned countries. The Greece-based cement producer said in a statement: “The collaboration in the region with an institution su... |
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