Mordovcement was integrated into the Eurocement Group in December 2014. Recently, Eurocement’s President Mikhail Skorokhod met with the Head of the Republic of Mordovia, Vladimir Volkov to discuss the plant’s prospects for future development, its business strategy and how it will continue to contribute to the social and economic development of the Republic.
Mordovcement has a strong position in the country’s construction industry as a leading supplier of building materials. Mr Volkov said that it was important that Eurocement make the most of this to maintain employment at high levels and ensure a steady increase in the company payroll.
Eurocement has invested more than R500 million in Mordovcement to resolve debt issues and repair the main equipment.
The meeting was also attended by the Prime Minister of Moldova, the Minister of Economy of the Republic of Mordova and the CEO of Mordovcement.
Edited from various sources by Katherine Guenioui