Chinese Project in Karachay-Cherkessias

Chinese Project in Karachay-Cherkessias
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The construction of a new plant in Karachay-Cherkessia was discussed at a meeting between the head of the republic, Rasheed Temrezov, and the CEO of the "Kavkaztsement (Kavkaz Cement)" enterprise, Grigory Kuznetsov. According via the Republican press service, the project is to be realized by the holding "Eurocement Group", together with the Chinese SINOMA International Engineering Company, on the basis of "Kavkazcement." According to the contract signed at the APEC summit in Beijing, the Chinese company will design the plant, carry out delivery of the complete set of equipment and train the staff of the developer to work on the building site. The new plant for the production of cement will make, in the "dry" manner, up to 3 million tons of building materials per year (6,200 tons of clinker per day). EUROCEMENT Group has already invested about 500 million rubles in construction of the enterprise on the basis of "Kavkaztsement" and a new line of palletizing. The opening of the plant is scheduled for 2016.