(E) Holcim Croatia to Invest in Facilities Modernisation
Croatia: Holcim to Invest â‚¬5mln in Facilities Modernisation
15:46 - 25 January 2006 - Holcim Croatia, a fully-owned subsidiary of Swiss cement maker Holcim Group, intends to invest 37 mln Croatian kuna (5 mln euro) in modernisation of production and environment protection in 2006. Holcim Croatia is carrying out a 5.0 mln kuna (679,000 euro) revamp at its Koromacno factory. In 2005, the company completed two large-scale projects, including a 130 mln kuna (17.7 mln euro) new cement mill in Koromacno and a greenfield investment of 13 mln kuna (1.8 mln euro) at the concrete factory in Kukuljanovo, near Croatia's northern Adriatic port of Rijeka. Holcim Croatia has an annual production capacity of 750,000 tons of cement and over 150,000 cu m of concrete blocs.