Cement News tagged under: Georgia
Heidelberg Materials' divestments and merger ripples28 April 2023, Published under Cement NewsHeidelberg Materials has been looking to simplify its portfolio and reposition the company on a net zero path. This has seen divestment and merger ripples recently reach the cement markets of Georgia and Tanzania. Creating funds to reallocate for investments in the circular economy and the wider building materials sector has seen Heidelberg Materials start to accelerate divestment activity this year. The group's divestment of its eastern European joint venture in Georgia, where it held a ... |
Heidelberg Materials divests its joint venture in Georgia26 April 2023, Published under Cement NewsHeidelberg Materials has completed the divestment of its joint venture in Georgia. The company previously held a 45 per cent stake in CaucasusCement Holding BV, the parent company of HeidelbergCement Georgia Ltd and Terjola Quarry Ltd. Heidelberg Materials sold its share to its long-term joint venture partner Cement Invest BV, an investment company jointly managed and owned by the Georgian Co-Investment Fund and Hunnewell Partners. The joint venture’s scope included two integrated cem... |
ADY Express starts exporting cement to Georgia14 July 2021, Published under Cement NewsADY Express LLC, a subsidiary of Azerbaijan Railways, has started transporting cement produced by Holcim Azerbaijan OJSC to Georgia by rail. The cargo is loaded on semi-wagons provided by ADY Express LLC at the Garadagh station and delivered to the Caspi station in Georgia. The return journey is generally carried out in 6-7 days. ADY Express has allocated 50 wagons for the transportation of these goods, which are planned to be carried out four times a month. The company plans to e... |
Turkey sees 24% in exports in 4M2112 July 2021, Published under Cement NewsTurkey’s cement export values increased by 23.5 per cent to US$1.41bn in the January-April 2021 period when compared to the equivalent period in 2020, according to the Turkish Ministry of Trade. Exports to Georgia were up 2.3 per cent to US$13.1m in the four-month period. In April 2021 Turkey exported cement with a value over US$402.5m to global markets, representing an advance of 74 per cent YoY. |
Magnum Group seeks to increase production06 January 2021, Published under Cement NewsGeorgia’s Magnum Group has announced plans to increase cement production in the future. Paata Nikvashvili, director of the company, noted that the company hopes to reach 12,000t of cement production per month from the current 6000t. The company also noted the difficulty of trading during last year. "We started working in June. We were suspended before due to the pandemic. Everything was paralysed. When we started functioning, we were satisfied with our work, however, the sales rate is dec... |
Georgia sees production fall 6% in 1H2015 December 2020, Published under Cement NewsGeorgia manufactured 1.06Mt of cement worth GEL152m (US$46.2m) in January-June 2020, down 6.2 per cent YoY from 1.13Mt in the year-ago period, according to GBC News. The country also imported 570,000t of cement in the first nine months of 2020. |
Will Turkish cement exports come under pressure?17 July 2020, Published under Cement NewsAs the second-largest cement exporter after Vietnam, Turkey's cement industry has for many years exported its surplus around the world. However, analysts anticipate Turkish trade to contract due to COVID-19 as the pandemic affects trans-Atlantic exports to the US, as well as other countries where anti-dumping measures increase in response to local surpluses - most recently Georgia . However, this week's news indicates that Turkish cement exporters have found ways to boost their sales, at le... |
Raysut Cement targets east African expansion02 July 2020, Published under Cement NewsOman's Raysut Cement plans a five-fold increase in its cement production capacity, says Joey Ghose, Raysut Cement's CEO. The expansion would see Raysut Cement increase production from 5Mta to 26Mta in the next few years. The expansion would be accomplished through a mixture of joint ventures, acquisitions and greenfield cement projects, added Ghose. Expenditure would amount to US$65-78m in the next two years. The main area for growth would be in east Africa where the company plans to add 1... |
Turkish cement exports to Georgia fall by 53% in April08 June 2020, Published under Cement NewsCement exports from Turkey to Georgia fell by 8.2 per cent between January-April 2020, compared to the same period of 2019, amounting to US$12.8m. In April 2020, cement exports to Georgia fell 52.9 per cent YoY to US$1.5m. Turkey's export of cement to international markets was stable at US$1.1bn in the first four months of 2020, equal to the same period of 2019. The country's cement exports amounted to 2.2 per cent of its total exports over the reporting period. The export of cement to int... |
Georgian producers seek support to stop cement dumping19 May 2020, Published under Cement NewsGeorgian cement producers have called for government support regarding the influx of cement imports into the country. The country’s producers stated that Turkey is a significant contributor of imports, since it produces a large amount of building materials that are not domestically needed in such quantities. The state therefore gives its producers the opportunity to sell exports below market value, with Turkish cement in the Georgian market reportedly 30-40 per cent cheaper than market va... |