A consortium led by STRABAG, Central and Eastern Europe’s largest construction company, will plan and build a cement factory in Devnya near Varna on Bulgaria’s Black Sea coast for €160 million. The facility, which will have a daily capacity of 7000 t, will be built on the site of an existing cement plant for client Devnya Cement AD, a subsidiary of Italcementi SpA.
In addition to consortium leader STRABAG, the consortium consists of China’s CBMI, which will handle plant engineering. STRABAG’s share amounts to €90 million. Construction will begin in September 2010 and is scheduled for completion after 24 months.
“We won out against a number of international competitors in the negotiations. I am especially pleased with this accomplishment as this project represents the only major project realised by international investors in Bulgaria so far this year. Our many years of experience in Bulgaria are highly regarded,” says Dr. Hans Peter Haselsteiner, CEO of STRABAG SE.
STRABAG SE is one of Europe’s leading construction groups, generating a construction output volume of €13.0 billion in the 2009 financial year. From its core markets of Austria and Germany, STRABAG is present via its numerous subsidiaries in all countries of Eastern and South-East Europe, in selected markets in Western Europe and on the Arabian Peninsula.
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