Interfax reported that Tulacement LLC, which is owned by Germany's Heidelberg Cement on last Thursday, signed a contract with Turkey's Beta Tek on the construction of a USD 200 million cement plant in Russia's Tula region.

A Beta Tek spokesman said that the plant will have capacity to produce 2 million tonnes of cement per year and will be built in the town of Novogurovsky in the region's Aleksinsky district in 16 months.

Mr Vyacheslav Dudka governor of Tula said earlier that an agreement had been reached with Heidelberg Cement officials on the construction of a second phase of the plant with capacity of 2.2 million tonnes of cement per year.

(Sourced from Interfax)