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Azerbaijan to Define Place for Constructing New Concrete Plant

Business Materials 7 September 2007 19:23 (UTC +04:00)

Azerbaijan, Baku / Trend corr. U.Ismaylova / The Azerbaijani Government is defining the location for constructing the French concrete producing company of Lafarge, Heyadar Babayev, said the Minister of Economic Development of Azerbaijan on 7 September.

"We are planning to build the plant far from the capital," the Minister said.

The company insists on constructing the plant in Garadag .

The project is assessed at €100-150mln, which will be directed towards constructing the plant including upgraded equipment. The capacity of the plant will be 1mln t. The share of Azerbaijan in the project is 20% and the other part will be provided by Lafarge.

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