Standard Cement receives financing for second line

BTA Bank JSC has announced that it will provide financing for a second production line at the Standard Cement plant in Kazakhstan. The money will be used to purchase equipment for the line that will allow cement to be manufactured via dry process. The financing does not include assembly and construction of the line, which will be carried out at Standard Cement’s own expense.

The new cement production line will have a capacity of 1 million tpa. China’s Tianjin Cement Industry Research and Design Institute will supply the equipment.

“Construction of the second production line at our enterprise would enable not only increasing high-quality cement production volumes without any environmental damage, but also ensuring creation of additional job places and increase tax proceeds to the region budget. Construction of this line is performed according to a new technology with compliance with all fixed standards and focused on creating environmentally safe production,” commented Bauyrzhan Seitzhanov, Director of Standard Cement LLP.

Adapted from press release by Louise Fordham

Read the article online at: https://www.worldcement.com/europe-cis/22102013/kazakhstan_standard_cement_new_line_recieves_financing_317/