Anhui Conch Cement is planning to build a greenfield cement plant with a capacity of 5000tpd and an investment of US$500m in Ulyanovsk, Russia.

The project will see the construction of a cement plant in the Terengulsky district of the Ulyanovsk region.

According to Sergey Morozov, interim governor of the Ulyanovsk region, the agreement became a sort of a quality mark of an investment climate of the region. The governor’s press office indicates that the negotiations with the Chinese party have been held over the course of a year.

Jianchao Wang, vice chairman of the shareholders’ council of Anhui Conch Group Ltd Co, signed the investment agreement on behalf of the Chinese firm.