Within 2006 Garadagh Cement is about to invest 7 m. AZN to the Azerbaijan economy, Uwe Koehler, the President of the Company exclusively told Trend.
According to him, financial means particularly will be aimed at technical works in the Open Joint Company itself, on construction of new electric power substation, etc.
The investments for 2007 have also been determined at the same volume.
The output of the company in 2006 is expected at the volume of 1,3 m. tons.
In 2005 the investments of Garadagh Cement made up $10 m. The means were sent particularly to processing of raw materials, improvement of electro statistic filters, as well as to renovation of packaging line and widening of transport base of the Company. At present the Company has 551 employees which salary was raised in the beginning of this year.
Garadagh Cement OJSC has worked since 1999, and became the only producer of clinker and cement on the base of clinker in Azerbaijan. The Company provides the large part of the internal market with its high-quality production which meets both all the local and the World requirements.