Foreign capital boosts Polish cement industry

Ernest Jelito, the CEO of the Polish cement producer Gorazdze Cement, has said in interview that having foreign capital has been indispensable to the industry, and has allowed modernisation which has transformed the industry into one of the most advanced in the world. Around PLN 10 billion (€2.28 billion/US$2.56 billion) has been spent on this. He added that cement companies currently pay some PLN 1 billion in tax and are often the largest employers in their area. He also emphasised that Europe mu

Quarry Products / February 18, 2016

Ernest Jelito, the CEO of the Polish cement producer 913 Gorazdze Cement, has said in interview that having foreign capital has been indispensable to the industry, and has allowed modernisation which has transformed the industry into one of the most advanced in the world.

Around PLN 10 billion (€2.28 billion/US$2.56 billion) has been spent on this.

He added that cement companies currently pay some PLN 1 billion in tax and are often the largest employers in their area.

He also emphasised that Europe must be united in order to be able to face up to competition from China.

Cement use in Poland grew 2% year-on-year in 2015 and stood at around 15.4 million tonnes

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Gorazdze Cement