Cement News tagged under: Azerbaijan

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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.

Cement output in Azerbaijan up 25% in 11M17

19 December 2017, Published under Cement News

Production of cement in Azerbaijan increased by 24.8 per cent to 2.66Mt in the first 11 months of 2017, according to Trend News Agency. In addition, ready-mix concrete production increased by 75.4 per cent to 678,300t while production of prefabricated concrete structures saw a 1.7 times hike to 141,200m 3 .

Azerbaijan cement production up 24% YoY in 7M17

25 August 2017, Published under Cement News

Around 1.578Mt of cement were produced in Azerbaijan in the first seven months of 2017, representing a YoY increase of 24.1 per cent, according to the Azerbaijani state statistics committee. First-half of 2017 data indicate that local producers control 99 per cent of the market with an output of 1.29Mt. Imports during the six months reached 14,000t, with a value of US$2.9m. In 1H16 38,700t of cement were imported.

Azerbaijan: custom duty on cement increases

03 November 2016, Published under Cement News

Imported cement into Azerbaijan is subject to a higher customs duty as of 3 November. The Cabinet of Ministers announced that the new duties will be valid for two years. According to the amendment, customs duty has been set at US$0.07 for 1kg of Portland cement, aluminous cement, slag cement, superphosphate cement and analogical hydraulic cements, coloured or uncoloured cement, finished or clinker cement and gypsum. Previously Azerbaijan applied a fixed import duty of 15 per cent of th...

Azerbaijan: domestic cement production to be protected against imports

06 October 2016, Published under Cement News

Azerbaijan's government has decided to change the import procedures of cement and clinker among other goods to protect domestic production from imports.    This decision is an essential part of integrated measures, aimed at protection of domestic production, Sahil Babayev, deputy economy minister of Azerbaijan told AzTV channel. Babayev said that increasing the customs duties on some goods imported from abroad must not influence the cost of local production and the ministry will take...

Azerbaijan: Akkord Concrete and Gazakh Cement merge

28 September 2016, Published under Cement News

The Akkord Industry Construction Investment Corporation OJSC has merged two of its businesses. The Akkord Concrete LLC and Gazakh Cement plant LLC have been merged, according to a news report from the Azeri-Press Agency. The news agency says the merger between the two enterprises was made known by the Ministry of Taxes. Akkord Cement LLC operates the 1Mta Gazakh cement plant in Dash Salahli village. Akkord Concrete LLC operates 10 concrete plants in the country with a ready-mix product...

Azerbaijan: EBRD increase stake in Holcim plant

16 September 2016, Published under Cement News

The European Bank for Reconstruction and Development (EBRD) has raised its stake in the equity capital of Holcim (Azerbaijan) OJSC in Azerbaijan (formerly Garadagh Cement Plant) to 20 per cent. A statement from the EBRD read, “The bank will continue to support a major company in Azerbaijan, demonstrating continued support for the country's non-oil sector. In addition, the company is committed to sustainability standards, and will pursue the use of alternative fuels in its operations.” ...

EBRD postpones its decision on 20% stake in Holcim Azerbaijan

22 July 2016, Published under Cement News

The European Bank for Reconstruction & Development's (EBRD) Board of Directors has postponed the pending decision on raising the bank’s stake in the equity capital of Holcim (Azerbaijan) OJSC up to 20 per cent but retains plans to double its participation in the cement producer. "Now the consideration of this matter is scheduled for 7 September 2016," said the EBRD. Previously, the matter was expected to be considered on 20 July by the Board of Directors. The bank aspires to continue ...

Azerbaijan: Cement production drops by 30% in year to May

24 June 2016, Published under Cement News

Cement production in Azerbaijan has fallen by 30.3 per cent for the five months to May 2016, Azer press reports. The national statistics committee put the decline in output down to lower public and private sector spending. Production of concrete fell by 60 per cent, to 177,000t. Azerbaijan produced 829,000t of cement in the first five months of the year. Clinker imports also fell by 55 per cent, to 140,500t, with prices remaining unchanged at US$46.60/t.