Investors from China will put up $200 m in the construction project of a high-capacity cement plant, which will be located in an industrial park in Sibay, a town in the Republic of Bashkortostan, Russia.
The agreement has been reached within the framework of the international entrepreneurial forum “Zauralye 2016”, the regional press office told Construction.RU.
On the territory of “Sichuan – Sibay Industrial Park” LLC a platform for manufacture of all kinds of construction materials will be established. This will also include a cement plant with a capacity of 5,000 tons of products daily.
The amount of investment will exceed $200 m. At the first stage up to 500 jobs for the locals are planned to be created.
Foundation work at a construction site of the new plant is expected to be carried out as early as this year, the whole amount of work will take approximately half a year.