According to a new investment program of the second largest cement holding of Russia - Siberian Cement Holding Company OJSC, the company has suspended investments in all new projects. Only a line at Krasnoyarsk Cement Plant (1.2Mta) is under construction. The holding will start constructing another five plants with a capacity of 10Mt and with the volume of investments over US$1.5bn in 2-4 years, when, according to analysts forecasts, demand for cement will be restored, Kommersant reported Published under Cement News
According to a new investment program of the second largest cement holding of Russia - Siberian Cement Holding Company OJSC, the company has suspended investments in all new projects. Only a line at Krasnoyarsk Cement Plant (1.2Mta) is under construction. The holding will start constructing another five plants with a capacity of 10Mt and with the volume of investments over US$1.5bn in 2-4 years, when, according to analysts forecasts, demand for cement will be restored, Kommersant reported Published under Cement News
Sign up for our Daily News Service
Our editors' pick the top news delivered to your inbox each day.
Sign up for the daily email