CITIC invests in Belarus upgrade

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Belarus: A new dry 1.8Mt/yr cement line has been commissioned at Kostyukovichi in Belarus. Architecture and Construction Minister Anatoly Nichkasov presided over the opening ceremony for the joint Belarusian and Chinese project, which was constructed by the Chinese company CITIC Construction. Director of OAO Belarusian Cement Plant Vladimir Kiselev said that the launch of a further cement manufacturing line in July 2012 would raise domestic output to 3Mt/yr. He also noted that it would create 154 new jobs.

Since 2007 CITIC has been implementing an investment programme in Belarus to modernise cement mills and manufacturing lines, including building three new cement mills and modernising the power supply for three existing ones. In April 2012 a cement line was commissioned at OAO Krasnoselskstroimaterialy with a capacity of 1.8Mt/yr. OAO Krichevtsementnoshifer will have a similar line to be completed by 1 July 2012. Loans from China Export and Import Bank are the main source of funding.


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