Garadagh Cement produced 1.36Mt

Garadagh Cement produced 1.36Mt
Published: 31 December 2004

Uwe Koehler, chairman of the board of Garadagh Cement, a Holcim subsidiary, informed Azer-press that the company produced 1.36Mt of cement this year some 398,000t higher than last year. The company had profits but the law prevents it from paying the dividends for this year. US$6.5m has been invested this year and US$26.8m during 1999-2004, which is 16.7 per cent more than Holcim undertook to invest when privatising the plant, Koehler stated.