Cement News tagged under: Azerbaijan

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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.

Azerbaijan: EBRD 20% LafargeHolcim investment

23 June 2016, Published under Cement News

The European Bank for Reconstruction and Development (EBRD) is considering the purchase of up to a 20 per cent stake in LafargeHolcim’s cement and clinker plant in Azerbaijan. If it decides to invest, EBRD will support LafargeHolcim in improving energy efficiency through the introduction of alternative fuels. EBRD previously supported the company’s Azerbaijani plant with a EUR170m structured corporate loan in 2009, which sough to increase the plant’s production by 50 per cent. Whilst it w...

Russia: new cement plant for Dagestan

16 May 2016, Published under Cement News

Azerbaijani investors will build a 1.8Mta cement works, Dagestan Cement Plant, and a 30ha Trade and Logistics Centre between Makhachkala and Kaspiysk, according to Ramadan Abdulatipov, head of the Republic of Dagestan of the Russian Federation following his visit to Baku. The Dagestan coast of the Caspian Sea is earmarked as an area for high-quality tourist infrastructure and Azerbaijani investors have been invited to help construct tourist, recreational and therapeutic complexes, hotels a...

Norm Sement plans to begin oil well cement production in 2016

11 June 2015, Published under Cement News

Azerbaijan-based producer Norm Sement plans to start producing oil well cement from 2016 to reduce reliance on imports, Hasan Yalcinkaya, CEO of the company, said at a briefing yesterday. Yalcinkaya said the company is also preparing to export its products to the Caspian Sea countries. “Currently, we are considering the opportunities for exporting our products to Russia’s south regions, as well as to Kazakhstan and Turkmenistan” Trend News Agency quoted him as saying. The plant produced 54...

Norm Sement works reaches design capacity, Azerbaijan

27 January 2015, Published under Cement News

Norm Sement has reached design capacity of its 2Mta Qizildas cement plant in Azerbaijan, and is confident on the outlook for the year ahead as it looks to increase market share and begin production of oil well cement, CEO Hasan Yalcinkaya told local news. Involving an inestment of US$350m, the integrated cement facility represents one of Azerbijan's largest non-oil related investments to date. Speaking to Trend News, Mr Yalcinkaya, said: "We managed to successfully complete our projects,” ...

Akkord completes second phase of Gazakh plant

27 August 2014, Published under Cement News

Akkord has announced the successful completion of Phase 2 of its Gazakh Cement plant with the participation of the International Bank of Azerbaijan. Last week, Gazakh Cement started clinker production of a new line which is expected to reach its full capacity of 2500tpd by October. Akkord’s first 2500tpd production line in Azerbaijan was launched in July 2013. According to the company’s development plan, design capacity of the plant will be increased to 3Mta by 2017. The company plans ...

NORM inaugurates Qizildas works, Azerbaijan

22 July 2014, Published under Cement News

NORM Sement has marked the official launch of its 2Mta greenfield Qizildas cement works with an inauguration ceremony attended by Ilham Aliyev, President of Azerbaijan. Cement production at Norm’s 2Mta plant, located about 2.6km north of the Sangachal Oil Terminal in Baku’s Garadagh district, began in September 2013 using imported clinker until full construction of the plant was complete. During yesterday’s inauguration, President Aliyev toured the new factory, including the laboratory and...

Azerbaijan cement output increases 40% YoY

30 June 2014, Published under Cement News

In the first five months of the year, Azerbaijan produced 1.1Mt of cement, a 40 per cent increase compared to the same period of 2013. The rise in domestic output has been attributed to the entry of new players in the local market and declining imports. Imports in the first five months of the year amounted to US$50m compared to US$61.5m, a drop of 19 per cent YoY. Going forward, the dependence of imports is expected to fall by 20 per cent in 2014-2015, according to industry sources.