German building materials firm invests €24 million into Russia

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Published 14 May, 2008, 15:51

Germany’s building materials manufacturer Xella is launching its first production unit in Russia. The company is investing €24 million in the production of its aero concrete on the premises of a concrete plant in the city of Mozhaisk near Moscow

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This is in response to skyrocketing demand and prices for building materials.

Moscow is now the biggest real estate market in Europe. Construction has caused a shortage of raw materials supply such as cement.

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German building materials firm invests €24 million into Russia

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