Greek Titan Group may put 200 mln euro into Lovech plant

Greek cement maker Titan Group is mulling over pouring up to 200 mln euro into boosting production capacities in the northern town of Lovech, said economy minister Petar Dimitrov quoted by Focus news agency. The holding company has so far invested 51 mln euro in production operations in Bulgaria. It has units near Sofia, Zlatna Panega and Plovdiv. The company unveiled on September 13 a new production line at the Zlatna Panega factory wrapping up the first phase of its investment strategy. Titan Group is ready to build another production line provided that the future national development plan recognises the sector’s economic and industrial growth, said executive director Alexander Chakmakov. The new facility will increase to 1.2 mln tonnes the production capacity for clinker, the key cement raw material. Source: http://news.dnevnik.bg/