Akcansa looks to Azerbaijan

Akcansa looks to Azerbaijan
Published: 18 June 2010

Turkish cement company AkcansaCement (Sabanci Group), has indicated an interest in entering the Azerbaijan market, according to a report by ABC. AZ Daily News. “We intend to study Azerbaijani market. We are ready to consider work prospects in Azerbaijan depending on demand for cement and begin implementing long-term projects,” a representative of Akcansa is reported as saying.

Cement output in Azerbaijan reached 470,800t in May 2010, up 0.1% versus May 2009; unsold stocks equalled 26,100 on 1 June 2010. Last year, output equalled 1.28Mt, 19.7% down on 2008. Garadagh Cement is the main producer in the country and has an annual productive capacity of 1-1.4 mn tonnes (50% of the local demand). Annual production reached a record 1.778Mt in 2007.