Russia: The Ministry of Economic Development of the Russian Federation and Eurocement have signed a Liaison Agreement on Issues Related to External Economic Activity. The purpose of the agreement is to secure favourable conditions for the company's economic activity overseas.

The agreement stipulates that the parties will cooperate in order to promote Eurocement's interests among foreign entities involved in external economic activity, as Eurocement seeks to convert all of its Russian cement plants to the more energy-efficient and environmentally friendly dry-process. Eurocement has signed an agreement with Sinoma and CNBM for the supply of equipment worth a combined total of more than Euro387m.

The conversion will enable Eurocement to increase the proportion of cement that it manufactures using the dry method to 100% by 2018. This will double energy efficiency in manufacturing, increase workforce productivity by 3.5 times and reduce the environmental impact by a factor of 2.5 times (compared to standard Russian industry norms). By the time the upgrades are complete in 2018, some 63% of all the cement manufactured in the Russian Federation will be produced using the dry process.