Investments of German Heidelberg Cement In Russia

Total volume of HeidelbergCement's investments in Russia is about $ 800 million, making the company one of the biggest German investors in the Russian economy General manager of HeidelbergCement in Russia Christian Knell reported today.


The company already has a strong position in the market of Saint Petersburg and Leningrad region with the plant Tsesla, it owns a controlling stake in a cement plant of the company Building materials in the Republic of Bashkortostan. "In addition, HeidelbergCement operates a terminal for the storage and delivery of 30,000 tons of cement per year in  Murmansk and terminal with a capacity of 200 thousand tons of cement per year in Kaliningrad, which is very important for the area where cement is not made", - said Mr Knell.


He also said that the company has made significant progress in building of a modern cement plant in Tula region. It is planned that the plant will be commissioned in late first quarter of next year and be able to provide cement-growing regions of Moscow and Moscow region.


"After the launch of the new plant output of HeidelbergCement in Russia will be more than 4 million tons per year, which will strengthen our position in the Russian market. In addition, using the best of European technology will be modernized production line of our plant in the Leningrad region. It will expand production capacity for cement up to 1.2 million tons a year", - said Mr Knell.


The recent decision by FIFA to hold the World Cup in Russia will also contribute to the rise of the cement industry. "According to Prime Minister Vladimir Putin, the investment in the construction of stadiums and surrounding infrastructure in 13 cities in Russia will amount to about $ 10 billion. Russia will build not only a new stadium - will be upgrading roads and rail will be built and modernized airports and hotels of different classes. Of course, the World Cup - is not cheap, but it's worth the money spent, as new construction projects will improve the living conditions of the Russians. HeidelbergCement company is ready to participate in the preparation for the championship and deliver high-quality cement, "- said the head of HeidelbergCement in Russia.


HeidelbergCement has every opportunity to thrive in the Russian market. "We operate in 11 countries in Eastern Europe and Central Asia, most of them occupy leading positions in the cement market. Accordingly, we expect that will also be able to develop successfully in Russia," - he said in an interview.


German group HeidelbergCement Group is one of the world's leading manufacturers of building materials, cement and concrete, a world leader in the production of crushed stone.