Location for new cement plant sought, Azerbaijan

Location for new cement plant sought, Azerbaijan
Published: 27 February 2007

Representatives of France’s Lafarge are going to Baku today to examine raw material sources required for production of cement.

The deputy executive director of the Azerbaijan Investments Company Riyad Gasimov informed Azer-press that the experts of Lafarge and the specialists of the Ministry of Environment and Natural Resources of Azerbaijan will go down to the province to choose a location for the second cement plant to be built in the country. AIC considers investing 20-30% of the project costs. Also, the involvement of the European Bank for Reconstruction and Development is negotiated with the French company currently. The feasibility study of the project should be finished within two months, according to Mr Gasimov.

The country’s second cement plant with the annual capacity of 1Mt.

Azerbaijan’s ministry of economic development and Lafarge signed the relevant memorandum in January this year.