Eurocement acquires LSR´s cement plant
LSR Group has completed the sale of its cement plant in Slantsy, Leningrad to Eurocement. Following the closure of the deal, Eurocement has acquired full operating control over the facility. The plant, which began operations in September 2010, operates a 5,000 t/day clinker line and a 1.86 mt/year cement line. LSR reiterated that the divestment is part of its strategy of focusing on projects ´with the highest returns on invested capital and the fast-growing real estate development business.´ As a result, LSR has significantly reduced its debt and made it 100 per cent ruble-based.