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    Russia’s Eurocement Signs $530Mln in Contracts With Chinese Companies

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    Russian cement giant Eurocement Group has signed a package of contracts with Chinese companies for equipment supplies, engineering, installation supervision and employee training totaling $530.7 million, the press service of the holding told RIA Novosti Tuesday.

    MOSCOW, May 20 (RIA Novosti) – Russian cement giant Eurocement Group has signed a package of contracts with Chinese companies for equipment supplies, engineering, installation supervision and employee training totaling $530.7 million, the press service of the holding told RIA Novosti Tuesday.

    “The contracts signed May 20, 2014 imply a delivery of a complete set of equipment necessary for the construction of new production lines for the production of cement using the so-called dry method,” the holding’s press release said.

    The contracted supplies include mechanical equipment, furnaces, cyclone heat exchangers, crushers, and mills.

    The new equipment will be used for the construction of new cement plants with a total capacity of 17 million tons of cement per year in six regions of Russia: Leningrad, Ryazan, Bryansk, Arkhangelsk, Ulyanovsk and Samara regions, according to the corporate message.

    The construction program in Russia will allow the holding to increase the share of dry mix cement production to 100% by 2018.

    Eurocement Group Holding is one of the ten largest cement companies in the world, with 16 cement factories in Russia, Ukraine and Uzbekistan, as well as plants for the production of concrete, reinforced concrete, quarries for non-metallic resources and industrial construction. The annual production capacity of the holding is 40 million tons of cement and 10 million cubic meters of concrete.

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