Azerbaijan Investment Company to invest EUR13.7m in new project

Azerbaijan Investment Company to invest EUR13.7m in new project
Published: 01 February 2008

Azerbaijan Investment Company (AIC) is to invest EUR13.7m in a new cement project named ’Qaradaq Sement’ estimated at EUR327m. AIC’s contribution will represent 10% of the investement. The project is designed to boost the annual output of clinker from 0.8Mt to 1.2Mt and cement from 1.3Mt to 1.7Mt respectively.