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Cancellation of the construction of a cement plant on Sakhalin

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Cancellation of the construction of a cement plant on Sakhalin

At the end of 2007 the design survey works on the project of construction of a cement plant on the basis of Gomonskoe limestone deposit completed.

May 12, 2008 completed the preparation feasibility study for investment in the construction of a cement plant without taking into account market needs.

In November 2010 Industrial Information Agency commissioned Vaida conducted a study of the cement market of the Sakhalin Region and neighboring regions of Russia.

The study showed that the confirmed demand for cement in the project area falls short of half of the declared capacity.

Therefore, the cement plant project has been terminated, a loss of 250 million US dollars has been prevented.

Company "Vaida" continues to develop the limestone deposit.