Devnya Cement loses quartz sand concession

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Bulgaria: The Bulgarian government has terminated Devnya Cement’s concessionary contract for the extraction of quartz sand for cement production from the Selski Nivi deposit. SeeNews has reported that the company requested the contract’s termination due to alterations to its production strategy in response to market conditions.

In 2018, Devnya Cement generated a revenue of Euro70.3m, which translated into Euro8.65m profit.

Last modified on 08 January 2020


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