Glavstroy invests in concrete plant

Russian company 694 Glavstroy Ust-Labinsk, a part of the Glavstroy holding company, has resumed construction of a plant to produce aerated concrete products in Ust-Labinsk, Krasnodar region in the south-west of the country.

Investment in the project is estimated at about €39.55 million, and the planned annual capacity of the plant is 420,000m³ of products, mainly building blocks.

The commissioning and production of test batches are scheduled for the first half of 2011, and the plant plans to begin working at the two-third of its capacity in the second half of the year with full capacity being reached in 2012.