Bazel will also consider buying Novoroscement. In 2005 this cement complex on Russia’s Black Sea coast produced 3.5Mt. Novoroscement owns three plants in Krasnodar region: Proletariy, October and Pervomayskiy, which has the capacity to produce about 5Mt of cement per year. Novoroscement also accounts for 90 per cent of Russian cement exports. The cement strategy of Bazel envisages the growth of its combined cement output to 9Mta, if it completes the Novoroscement purchase. (Vedomosti reports).
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