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Azerbaijanâ€™s major cement maker to boost production capacity by 30% in 2011

22 October 2009 16:55 (UTC +04:00)

Baku. Elnur Guseynguluev - APA-ECONOMICS. In the second quarter of 2011, Azerbaijanâ€™s largest cement maker Garadag Cement will complete the introduction of state-of-the-art dry process production technology to bring cement production in line with international environmental standards.

Elshad Mammadov, Sales Manager of the Company, said the project is supported by the European Bank for Reconstruction and Development, and Azerbaijan Investment Company.

According to him, the shift from wet to dry process will help the company to reduce the overall energy consumption while increasing its production by 30% to 1.7 million tonnes of cement annually.

The project will also lead to Garadagh Cementâ€™s reduction of CO2 emissions by almost 10 per cent.
The EBRD holds a 10 per cent stake in Garadagh Cement, along with Azerbaijan Investment Company and individual shareholders, holding respectively 10 and 10.6 per cent of the shares.
Since the beginning of its operations in Azerbaijan, the EBRD has committed over â‚¬820 million in more than 90 projects in corporate, financial, infrastructure and energy sectors.
Garadagh Cement OJSC is a part of Holcim Group and delivers high-quality construction products to the market, which meet the requirements of both local and international standards.