Changes expected in supervisory board of biggest cement plant in Azerbaijan
Baku, Azerbaijan, Jan. 27
By Anvar Mammadov - Trend:
Shareholders of Holcim Azerbaijan OJSC (formerly Garadagh Cement Plant) will discuss changing the composition of its supervisory board, the company said in a message Jan. 27.
The issue will be discussed within the annual general meeting of shareholders to be held March 15 in the conference center of the Hyatt Regency Baku hotel.
At the meeting, amending the company’s charter will be also discussed and the company’s report on the results of 2017 will be approved.
Holcim Azerbaijan OJSC is one of the largest cement and clinker producers in Azerbaijan. Around 40 percent of the cement market in Azerbaijan accounts for Holcim Azerbaijan’s products.
Holcim Azerbaijan’s shareholders are: LafargeHolcim (66 percent), EBRD (10 percent), Holcim Auslandbeteiligungs GmbH (10 percent) and other individuals (14 percent).