Reporter.gr quoted Mr Valentina Grozdanova HR director of Devnya Cement as saying that it has halted operations for maintenance ahead of schedule mainly due to the effects of the global financial crisis.

He added that it has also decided to postpone the development of a BGL 500 million investment project, the construction of a new production line, by between 10 and 14 months.

In 2008, Devnya's production was reduced by around 20% due to the global turmoil. Devnya reported a 20% drop in sales in the first two months of 2009.

(Sourced from www.reporter.gr)