4th Mar 2014 13:27
LONDON (Alliance News) - Steppe Cement Ltd said Tuesday that its wholly-owned subsidiary, Karcement JSC, has completed the commissioning of a new dry production line, Line 5.
Line 5 is expected to increase Steppe's annual cement production capacity by an additional 1.2 million tonnes.
"In view of the successful completion, Steppe Cement Group, its board of directors and management wish to congratulate all employees for their commendable efforts especially during the cold winter season which experienced well below average conditions in January and February," the company said in a statement.
Shares in Steppe were trading up 2.6% at 37.45 pence Tuesday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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