China's Hengyuan planning to invest $400 mln in cement plant in Oryol region
ORYOL. Sept 11 (Interfax) - Chinese corporation Hengyuan Group is planning to build a plant for the production of cement in the Oryol region, the press service of the regional governor said.
Investments in the project could amount to $400 million.
At present, the project is only being developed, therefore it is too early to talk about timelines for its implementation, the regional government's press service told Interfax.
Region head Vadim Potomsky, who was cited in the statement, said that an advantage of the region for the construction of the plant is the presence of its own raw materials.
He also said that the regional government is guaranteeing all necessary preferences and benefits that are stipulated in the legislation of the Oryol region for investors.
