Siberian Cement invests to develop units in 2019

Russia’s Siberian Cement has announced plans to invest RUB4.52bn (US$67.86m) to develop its production units in 2019. The funds, double the amount allocated in 2018, will be used for environmental measures, production renovation, automation of the process control system, technical renovation and logistics development, according to Kommersant-Sibir.

The company’s Krasnoyarsk facility will see an RUB311m investment to construct a single 130m chimney for its kilns. The project is expected to be completed in May 2019, with the chimney estimated to have an operational lifespan of 80-100 years.