Cement News tagged under: Azerbaijan
Norm Cement to host International Concrete conference13 May 2019, Published under Cement NewsNorm 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 history19 March 2019, Published under Cement NewsHolcim 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 production19 December 2018, Published under Cement NewsAzerbaijan 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 Azerbaijan02 October 2018, Published under Cement NewsThe 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 plant15 June 2018, Published under Cement NewsAzerbaijan'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 201710 April 2018, Published under Cement NewsOJSC 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 prices09 January 2018, Published under Cement NewsNorm 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 11M1719 December 2017, Published under Cement NewsProduction 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 7M1725 August 2017, Published under Cement NewsAround 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 increases03 November 2016, Published under Cement NewsImported 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... |