Cement News tagged under: Azerbaijan

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Holcim Azerbaijan reports 9% revenue increase in 2018

16 July 2019, Published under Cement News

Holcim Azerbaijan has reported that its revenue increased 8.7 per cent YoY to AZN116.3m (US$68.57m) in 2018. After deducting transportation, administrative and sale expenses, the company’s operating income reached AZN20.369m, which is a 28.4 per cent rise compared to 2017. The pretax profit surged by almost four times to AZN11.471m, according to Regional Finances. Net profit amounted to AZN7.067m for the year.

Dal Teknik Makina to upgrade Gazakh cement plant

11 July 2019, Published under Cement News

Dal Teknik Makina has won the contract to upgrade the Gazakh cement plant in Azerbaijan. The clinker production capacity will rise from 2500 to 3300tpd. The supply of equipment is expected to be completed in six months and the shutdown period is planned for five weeks. Dal Teknik Makina evaluated the current situation of the specified bottlenecks and offered an upgrade plan involving the raw mill unit, kiln de-dusting unit and pyroprocessing section. The first part of the upgrade will be t...

Cement production rises 5% in Azerbaijan

24 May 2019, Published under Cement News

In the first four months of 2019, the total value of building materials production in Azerbaijan rose five per cent YoY to AZN240m (US$141.5m). Cement production increased 5.2 per cent over the same period to 0.99Mt. Ready-mix concrete advanced 11.7 per cent YoY to 0.42Mt. However, production of precast concrete building structures declined 52.5 per cent to 14,100m 3 .

Norm Cement to host International Concrete conference

13 May 2019, Published under Cement News

Norm Cement LLC is to host an international conference in Azerbaijan this summer with International CPI Worldwide journal and ICCX (International Concrete Conference and Exhibition) Academy. The conference is entitled "Modern concrete technologies and construction directions in Azerbaijan," and will take place on 20 June 2019 at the Four Seasons Hotel in Baku. The main purpose of the conference is to stimulate the use of reinforced concrete frames on all types of construction including lo...

Holcim Azerbaijan celebrates 70-year history

19 March 2019, Published under Cement News

Holcim Garadagh cement plant (LafargeHolcim group) has held a jubilee event to mark its 70-year history in Azerbaijan. Holcim Azerbaijan welcomed guests and gave speeches about the company's recently implemented works, its policy, values and future plans. "Holcim Azerbaijan which has been pioneering lots of novelties in the course of all these 70 years, will keep its contribution to the production of high-quality products for projects that will have a positive impact on the country's econo...

Azerbaijan hits record high in cement production

19 December 2018, Published under Cement News

Azerbaijan has produced over 3.2Mta of cement in the first 11 months of the year, a record amount in the entire history of building materials in the country, according to Turan Information Agency. Representing a 21.1 per cent YoY increase, it has been attributed to government policies which stimulate local production and see high import duties on cement. In 2017 the country produced 2.954Mta of cement at a value of AZN265.5m (US$156.49m).

EBRD sells its stake in Holcim Azerbaijan

02 October 2018, Published under Cement News

The European Bank for Reconstruction and Development (EBRD) has sold its 10 per cent stake in Holcim Azerbaijan to LafargeHolcim. Therefore, the company’s share in Holcim Azerbaijan has now risen from 66 to 76 per cent. EBRD had owned the shares from 2007 and refused to increase its stake in the company to 20 per cent in August 2017, according to AzerNews. Holcim Azerbaijan, formerly Garadagh Cement, operates 1.7Mta of capacity and accounts for 40 per cent of the cement market in the coun...

Akkord plans to increase production at Gazakh plant

15 June 2018, Published under Cement News

Azerbaijan's Akkord Industry Construction Investment Corp OJSC plans to increase production at its Gazakh plant by a third, according to Trend News. "Major part of the cement plant's products comes to the domestic market, and is exported to Georgia," said a source within the company. "We aim to expand the sales. In this regard, an investment plan has been drawn up jointly with a German company. The project provides for increasing the plant's production capacity from 1Mt to 1.3Mt of pro...

OJSC Holcim (Azerbaijan) records net profit in 2017

10 April 2018, Published under Cement News

OJSC Holcim (Azerbaijan) returned to profit within the full-year 2017 period, recording a net profit of AZN1.7m (US$1m). The proceeds from cement sales increased 37.1 per cent YoY, to AZN107m from AZN77.9m. Furthermore, the operating profit of the company tripled to AZN15.8m, according to Turan Information Agency. The shareholders have not decided on the profit distribution. As of 1 January 2018, the company has AZN87.8m of undistributed profit.

Azerbaijani cement producers raise prices

09 January 2018, Published under Cement News

Norm and Holcim Azerbaijan have raised the price of their cement by 5-6 per cent from 25 December, according to AF Euro Home. The cost of grade 300 cement increased from AZN5 (US$2.96) to AZN5.30. Grade 400 cement is now priced at AZN6.30, up from AZN6. No reasons for the price hike were disclosed.