The question of building a new 1.5Mta cement plant in Azerbaijan will be discussed at the meeting of the Azeri-French economic committee that began in Paris yesterday. Azer-press learned from sources in Azerbaijan’s Economic Development Ministry that Lafarge is interested in undertaking this project.
Presently there is only one major cement plant in Azerbaijan, owned by Garadagh Cement. This plant meets 50 per cent of the local cement demand (Garadagh Cement is capable of producing 1 to 1.4Mta of cement), while the rest is imported.
Meanwhile, as a result of agreement reached between the economic development ministry and JV Garadagh Cement, a new price for cement has been established.
According to the ministry, given new tariffs for energy and fuel, the retail price for Optimal brand (50kg) is fixed at AZN 7.25 per bag, Special (50kg)- at AZN 7.95.
Notably, the sides had agreed to establish a new price system in Baku and Absheron as from January 1,2007.