The representatives of Lafarge once visited Azerbaijan in early March to check the Azeri cement market as well as the raw material sources.
Lafarge may build a second cement plant in the country to produce 1Mta of cement. The project costs are estimated in the region of EUR100-150m. AIC says it wil cover 20-30% of the total, plus Lafarge it is negotiating the involvement of the European Bank for Reconstruction and Development.
The feasibility study of the report should be completed within two months.