KYIV. July 31 (Interfax-Ukraine) – Vesco, uniting clay mining business of UMG investment company under control of SCM, has launched quarry one of the Zakhidny section of Druzhkivka mine and seeks to boost clay production and sales by 21% in 2017, to 2.9 million tonnes.
The company said in a press release on Thursday that investment in the launch of the new quarry was UAH 10 million.
By the end of 2017, clay production by the quarry could reach 400,000 tonnes.
“The new quarry was launched in the short term over growing demand on clay from our clients. In May our Spain partners visited the enterprise in Druzhkivka. A contract to increase clay supplies was signed during the visit. We quickly attracted technical partners to launch a new quarry of the Novoraiske field, which launch initially was scheduled for 2018, in order to meet the commitments taken to the client,” Vesco CEO Yevhen Tsymarman said.
He said that in 2018, the company intends to invest over UAH 50 million in additional equipment required for development of the quarry. This would allow creating 50 new jobs in Druzhkivka.
Vesco intends to develop the 12th quarry during 20 years.
