The joint venture Fonika Gips (Aksolit's brand) will deliver a gypsum plant in the Kamskoe Ustye district of the Tatarstan Republic (Volga) in July 2013.
The enterprise will include an underground mine, a gypsum crushing unit, and seven facilities for producing gypsum mixes and gypsum board.
The plant will manufacture 200,000 tonnes of gypsum stone; 15 million m² of gypsum board; 300,000 m² of gypsum partition blocks and 120,000 tonnes of dry building mixes.
Investments are estimated at €124.91 million and the payback period is 4.6 years.
The company plans to capture 5% of the domestic gypsum product market and become the fourth after
