Dyckerhoff AG Will Allocate 40 Million Euro for its Urals Subsidiary
19.10.2009 — News
THE SVERDLOVSK OBLAST.
Dyckerhoff AG (Germany) will issue a 40 million Euro loan to its Russian subsidiary OAO Sukholozhskcement for the completion of construction of the fifth technology line. The three year loan will enable them to commission the capacity for dry cement production of 1.3 million tons per year.
The company informed RusBusinessNews that the construction of the new line began in 2006 next to the working production site of Sukholozhskcement. By October 2009 more than 50% of construction work has been completed, some production equipment purchased, the railway link is being built. The new line is planned to start producing in May 2010.
Dyckerhoff AG holds a 73% share in OAO Sukholozhskcement. In January-June 2009 the revenues of OAO Sukholozhskcement from making 666 thousand tons of cement have exceeded 1 billion roubles. The company controls about 3% of the Russian cement market.
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