RCC to acquire 63% of Iskitimcement's shares

Russian Cement Company (RCC) is reported to be buying 63% of Iskitimcement's shares from RATM holding company.
April 19, 2012 Read time: 1 min

Russian Cement Company (5048 RCC) is reported to be buying 63% of 3678 Iskitimcement's shares from RATM holding company.

The company is to file the relevant petition to FAS in near future. At present, the parties are said to be finalising the enterprise's audit.

Iskitimcement, which is located in the Novosibirsk region, plans to boost its cement output to 1.45million tonnes in 2012, compared to 1.28million tonnes in 2011.

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Russia’s Iskitimcement weighing upgrade

In Russia, Iskitimcement (Novosibirsk region, Siberia) has started mounting belt conveyor weighers from Schneck Process of Germany.

The equipment on four more devices will be replaced by the end of 2014, involving investments of about RUB 18 million (€358,603.82/US$448,709.40).

A smooth-start system for cement mill’s main drive motors will be installed in the Siryevoy workshop as a part of the modernisation programme.

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