Volskcement to increase investment spend, Russia

Volskcement, part of the Holcim Group, plans to increase investment in 2013 to RUB1.59bn (EUR39.74m), Russian press reported. The plant, which is situated in the Saratov Region allocated RUR829m for development, up 15 per cent from 2011.

The Russian cement industry has been flourishing over the last few years, leading to a number of projects including upgrading from wet-process technology to modern dry-process techniques as well as expansion and modernisation projects. While future growth is expected to be at a more modest level, market expansion looks set to be healthy over the next two years.

Last year,  Holcim reported a 23.3 per cent advance in volumes across its Russian operations.