Leading Italian cement producer Italcementi said it will invest EUR150m to revamp its Rezzato works.

The project is scheduled to start in November and is expected to be operational by the end of 2014.
The restructuring will lead to improvement in the environmental and economic sustainability of the plant, CEO Carlo Pesenti said.

The project aims to cut production costs by 23 per cent and reduce specific consumption of raw materials by eight per cent.

The company has been in the process of restructuring its Italian cement operations in an attempt to adapt to weak domestic cement consumption. In June it sold its Pontassieve plant and said that other plant closures were possible.