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Heidelbergcement to Launch USD100 Million Investment Project in Kaspi

Heidelbergcement to Launch USD100 Million Investment Project in Kaspi

Upgrade of the Heidelbergcement Kaspi Cement Plant is launched. The groundbreaking ceremony of the USD100 million investment project will be held on Tuesday.

The project envisages full modernization of the Kaspi Cement Plant to the modern Dry Line method of clinker production. The investment project will further ensure the highest standards of the production process and will result in its greater efficiency. Apart from introducing new technologies, the project will contribute to Georgia’s economy through improved trade balance and better environmental management of the local nature.

The upgrade and development of the Georgian business of Heidelbergcement Caucasus will take place between 2016 and 2018. Heidelbergcement started business in Georgia in 2006. After ten years of continuous development of the business, the Georgian subsidiary Heidelbergcement Caucasus currently operates three integrated cement plants (Kaspi and Rustavi), a cement grinding facility in Poti and a cement terminal at the Black Sea coast. The cement production capacity exceeds 2 million tons of high quality cement annually.

The cement business is supported by a strong network of 12 ready-mixed concrete plants that produce more than 700.000m³ concrete per year. To note, sand and aggregates for the concrete is partly supplied by two own aggregate pits in Batumi and Tbilisi.