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30 July 2010

Altcom to restart construction

First published on www.AggBusiness.com
Construction work on a new cement plant was set to restart this month a year after the project was mothballed. Construction of Atcom’s new plant in Crimea, Ukraine started in March last year but was halted in summer 2009. The company said that foundation work on the plant was set to be started in July.

The first stage of the 1.5million tonne plant is expected to be commissioned in early 2012 and will help the group increase cement supply to the region by 25%. A second stage that will raise production to 2.1million tonnes per year is likely to be completed by 2012. The investment has been valued at €343million.

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