"We expect to boost our production capacity to 10Mta by 2013 from 8.3Mt currently," Eamon Ginley told reporters after a shareholders meeting.
Holcim Chief Financial Officer Olaf Nahe added the plant will likely cost about US$450m. "Half of it will be financed from our internal cash, while the other half from bank loans," Nahe said.
The company targets around a 6% increase in its sales volume this year from 6.2Mt in 2010.
