Bank Of Baku

Garadagh Cement to renew 80% of the productive capacity

Garadagh Cement to renew 80% of the productive capacity
# 10 November 2010 09:10 (UTC +04:00)
Baku. Nijat Mystafayev – APA-Economics. Garadagh Cement will launch new stove in the plant in 2011, plant told APA.

Company also noted that the new stove meeting the modern standards will substitute for 4 old stoves: “Though, annual capacity of cement in the plant will be increased from 1.3 mln tons to 1.7 mln tons. Generally, the 70-80% of the plant will be modernized.”

Note that EBRD has allocated 120 mln Euros for modernization and development of the plant. Construction of newe stove costs 300 mln Euros.
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