HOLDERBANK ACQUIRES BELOIZVORSKI CEMENT
Business | April 5, 2001, Thursday // 00:00
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Swiss company Holderbank Financiere Glaris Ltd. acquired 91% from the cement mill Beloizvorski Cement. For 3-year period the Swiss company has invested over DEM 35 M in the cement mill, exceeding its privatization contract pledge of $16.6 million for 5 years. DEM 10 M are to be invested annually in capacity renovation and environmental amelioration. In Y 2001 DEM 9 M will be invested mainly in green projects.
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