Italian cement producer Italcementi Group, which owns the Devnya Tsiment mill in Bulgaria, said consolidated revenues rose 9.9% to 1.418 bln euro in Q1. Double-digit revenue growth was reported by the majority of countries where the company operates with notable progress in Kazakhstan, Turkey and Bulgaria.

 The Italian company has earmarked 360 mln levs for investment in the Bulgarian cement mill over the next 3 years. The assembly of the new equipment should begin by mid-'07 when the project is expected to get all relevant administrative and eco permits.