Bank Of Baku

Azerbaijan’s major cement maker cuts sales prices

Azerbaijan’s major cement maker cuts sales prices
# 01 April 2009 12:18 (UTC +04:00)
According to the new prices, “Ekspert” cement costs AZN 127 per ton, “Spesial” (stack) AZN 115 per ton, “Spesial” (sack) AZN 131.6, “Optimal” AZN 120 per ton.
The company said it also cut prices of cement for distributors, a move that is expected to decrease retail prices on the market.
Besides, Garadagh Cement has started to package cement in 40kg sacks, new style packaging to protect customers from fake products.
After the price cut and new packaging, recommended selling prices for distributors in Baku and Absheron are AZN 6.7 for “Optimal” per sack and AZN 7.5 for “Spesial” per sack.
In addition, “Ekspert” cement is offered at a special discount price of AZN 118 per ton (CEM II/A-P 42,5N stack)
Garadagh Cement predicts cement consumption will decline by at least 15% or 0.5 million tons in Azerbaijan in 2009.
Garadagh Cement is owned by Holcim, EBRD and Azerbaijan Investment Company.
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