Lafarge to freeze Ukraine expansion project
Lafarge has decided to freeze its project of construction of a new cement plant with the total annual capacity of 2.5Mt in the Lvov Province in Ukraine.
The decision is explained by unfavourable market conditions.
The project was initially announced by Lafarge in 2007.
However, the company continues to work at the project planning and claims that as soon as Lafarge is ready to make an actual investment the project will be resumed.
According to the plan, new plant will occupy a territory of approximately 100 ha and will be located in 12-13 km from already operating plant Nikolaevtsement, belonging to the group. The investment in the project is estimated at €280-300m.
Source: PMR Research Published under Cement News
