Cement News tagged under: Holcim 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.

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...

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.

Frederic Guimbal appointed CEO of Holcim Azerbaijan OJSC

29 November 2017, Published under Cement News

Frederic Guimbal has been appointed CEO of Holcim Azerbaijan OJSC, according to the company’s website. Mr Guimbal replaces Rossen Papazov in this role, effective from the start of October 2017. Frederic Guimbal previously worked as the managing director of Holcim India. Holcim Azerbaijan has approximately 40 per cent of the cement market share in the country, according to Trend News Agency.

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.” ...