Monday, July 14, 2014

BULGARIA: The new plant of "Devnia cement" will be ready in September

The complete reconstruction of the plant "Devnia cement" (part of "Italcementi Group Bulgaria"), which began in the summer of 2012, should be completed by the end of September. This became clear during the visit of the Minister of Economy and Energy Dragomir Stoynev in Devnia month ago. The commissioning of the new production line, which is in fact a new plant for cement and clinker, could be completed three months before the previously announced deadline.

According to the company "Devnia cement", the owner of the plant in Devnya, the nvestment will probably exceed 160 million euros and will be one of the biggest made ​​in Bulgaria in the past 20 years. The expected annual capacity of the new line will reach 1.5 million tons of cement, which will make it the biggest, which "Italcementi Group" has in Europe. According to the Ministry of Economy and Energy during the construction of the new plant were created about 1000 jobs.

"Investments like this, which make innovative products, are supported entirely by the state," said Dragomir Stoynev during his last meeting with the "Italcementi Group Bulgaria". Until now, the Italian company has invested in its two plants in Bulgaria - "Vulcan" in Dimitrovgrad and "Devnia cement" over 400 million leva, which makes it one of the biggest investors in the country.

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