Garadagh Cement increases investment programme

Garadagh Cement increases investment programme
Published: 26 September 2005

The azerbaijani Garadagh Cement company, the country’s sole cement producer, has increased its investment program from $75m to $87m but postponed its start, Garadagh Cement board chairman Uve Kohler has stated.  The programme has been temporarily put off in light of problems with raw material supplies from the Tovuz deposit. Garadagh Cement holds a Tovuz enterprise that was illegally occupied by another company, Kohler has stated. The situation involved the company in long-term litigation. Garadagh Cement’s investment program stipulates among other things the construction of a new kiln line. The company currently produces more than 1.2Mt of cement annually.