Construction will take place in the Spasskoe village of Blagodarnenskiy District.
The new plant, which will employ 400 people with the potential to create 1,000 additional jobs, will cover an area of 40 hectares and will produce 3,500tonnes/day of clinker.
The project will be implemented under a public-private partnership (PPP) and has been submitted to the prime minister of the Russian Federation Dmitry Medvedev. The plant is expected to be completed by 2015.
"The objective of Eurocement is to reduce the cost of cement production whilst maintaining compliance with the highest standards of product quality and conformity of production of the world's environmental requirements," says Eurocement president Mikhail Skorokhod.
