Eurocement Group will invest RUB2.2bn (US$37.7m) in the modernisation of two cement plants in the Leningrad region, Russia.
Pikalyovskiy Cement will see investment of RUB1bn as it receives new milling equipment and one of the two grinding lines will be converted to a closed-circuit set-up. This will enable the works to increase the output of premium cement, lower production costs and reduce air emissions.
At the Peterburg cement works Eurocement will built a gas-fired thermal power plant with a capacity of 24.9MW, improving the environmental record of the facility as well as reducing production costs. Peterburg produced 1.18Mt of cement in 2017.
Cimpor intends to invest EUR1.4bn in Portugal by 2030
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