The Cement Production Merger and New Line

In March 2007, The Cyprus Cement Public Company Ltd reached a historic agreement with Vassiliko Cement Works Public Company Ltd (VCW) for the merger of its cement production and related activities with VCW, in exchange for 25,3% of VCW’s share capital.
By June 2011 VCW completed the construction of a state-of-the-art cement plant with annual capacity of 2,3 million tons of cement, an investment in excess of €180 million.