HeidelbergCement denies Georgia withdrawal

HeidelbergCement denies Georgia withdrawal
01 July 2010

HeidelbergCement Georgia has said it has taken no decision on contraction of cement production capacity in Georgia, despite the company failing to resume cement exports to Azerbaijan. 

Akaki Chkhaidze, a company marketing department head, told local press that the Rustavi and Kaspi plants have maintain full-scale production capacity. Moreover, Chkhaidze dismissed the information as if the company intended to leave Georgia.
HeidelbergCement Georgia suspended cement exports to Azerbaijan in March 2010 after Azerbaijan banned imports of Georgian cements. During the period between March 17-May 20 the company losses have recorded US$3m. 

Negotiations on a resumption of Georgian cement exports have failed several times, Chkhaidze said. 

“Azerbaijan warns Azerbaijani companies not to conclude contract agreements on imports of Georgian cement, because they would not be let the consignments to Azerbaijan”, Chkhaidze said. 

At the same time, the Azerbaijani government has made no explanations behind the decision, he added.
Published under Cement News