German cement producing company to expand activities in Georgia

Baku, Azerbaijan, August 26

By Tamilla Mammadova – Trend:

HeidelbergCement AG, a German company for the production of building materials and one of the largest cement producers in the world, plans to build concrete plants throughout Georgia, said the director of HeidelbergCement's subsidiary HeidelbergBeton Georgia David Dzhugashvili, Trend reports with reference to bm.ge.

The company started working in Georgia in 2006, and since then, the most noticeable milestone in our operations in the cement industry was the launch of the Caspian cement plant this year, Dzhugashvili added.

"The investments in the plant amounted to over $100 million, which is another proof that HeidelbergCement sees great potential in this market,” he said.

According to the director, in the future, the company plans to cover the whole of Georgia with permanent concrete plants.

“We see constant demand in the regions of Georgia, so we are going to build facilities in almost every regional center. We will focus on innovation and the introduction of new products and services,” said David Dzhugashvili.

HeidelbergCement began operating in Georgia in May 2006, having acquired a 51 percent stake in Kartuli Cement LLC (Georgian Cement). In November 2006, it acquired 75 percent in Sakcementi LLC, which combines two plants in Rustavi and Caspi. The production capacities of three cement plants of the company's currently amount to two million tons of products per year.

In 2009-2010, the German concern commissioned two concrete plants in Tbilisi, each with a capacity of 80 cubic meters per hour, and in September 2011, another concrete plant in Rustavi. In April 2011, the company commissioned a terminal in the Black Sea port of Supsa for transshipment of cement with a throughput of 1,200 tons per day.

Today HeidelbergCement has specific plants in Tbilisi, Batumi and Poti, as well as a network of mobile plants in many regions of Georgia. The total investment of HeidelbergCement in the Georgian economy exceeds 360 million lari.

(1 USD = 2.92 GEL on August 26)

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