Eurocement Group Invests More Than RUR 60 mln in Akhangarancement
OREANDA-NEWS. EUROCEMENT group is continually modernizing its plants with the aim of increasing the quality of its produce, reducing its energy consumption and improving its environmental friendliness. In 2013, the group invested around 4 billion som overall in AKHANGARANCEMENT (more than 60.5 million rubles). A range of major projects were completed using these funds.
In March 2013, the bodies of raw material and cement mills No.6 in the cement production department were replaced. The project was aimed at increasing the equipment's efficiency.
In September 2013, the plant acquired three Howo brand concrete haulers for the Building Material and Construction Works, part of AKHANGARANCEMENT, for the sum of around 350 million som. The realization of this project allows for the volume of concrete mix conveyed to be increased, thanks to the increased load capacity and higher power of the new vehicles, and also allows for produce to be delivered to end users even more efficiently.
In 2013, AKHANGARANCEMENT acquired a bridge grabbing crane for the cement milling department. Work is currently being carried out on installing and starting-up the crane. In Q3 2013, start-up work was carried out in the plant's Mining department for a rotary drilling rig, designed to perform drilling operations in the quarry.
It's worth noting that since AKHANGARANCEMENT joined EUROCEMENT group, more than 57.5 billion som have been invested in the plant.
EUROCEMENT group, an international vertically integrated industrial holding company, is Russia's leading producer of building materials.
EUROCEMENT group is ranked among the world's top ten cement companies and brings together 16 cement plants in Russia, Ukraine and Uzbekistan, as well as the plant manufactures concrete, concrete goods, the open pits extracting aggregates and industrial construction enterprises.
The production capacity of the Holding Company entities is 40.0 million tonnes of cement and 10 million m3 of concrete. The reserves of aggregates related to carbonate rock extraction with the total actual reserves are more than 2.8 billion tonnes; the extraction of granite with reserves, about 1.8 billion tonnes.
In December 2012, EUROCEMENT group commissioned a new plant producing dry cement in the Voronezh Region, designed to produce 3 million tonnes of cement per year. Incidentally, the percentage of dry cement production went up from 13% to 25% of the annual output of the Holding Company.
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