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Tag Archives: cement

Heidelberg on the Way to Ejecting Competitors and Monopolizing Market

HeidelbergCement Georgia is a major cement manufacturing company in Georgia, which owns 3 cement integrated plants, 13 concrete plants, 2 inert materials aggregates, 1 cement terminal and 1 cement-grinding plant. According to spread information, previously, the company was owned by businessman David Bezhuashvili, but he sold 50% stake to Co-Investment …

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Georgian Co-Investment Fund to Invest US$120 million in Concrete Production Facilities in Georgia

Georgian Co-Investment Fund to Invest US$120 million in Concrete Production Facilities in Georgia

HeidelbergCement Caucasus (“HC Caucasus”), Georgian Co-Investment Fund (“GCF”) and Hunnewell Partners LLP (“Hunnewell”) held an official presentation of their US$120 million joint investment project to upgrade HeidelbergCement’s existing cement and concrete facilities in Georgia. The final closing of the agreement is scheduled for June 2016. Aside from the financial contribution, …

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Cement Exports Suspended from Georgia

Cement Exports Suspended from Georgia

Cement exports from Georgia made up 14.5 thousand USD in 2015 and only 400 USD in the first quarter of 2016. Such an unprecedented low indicator was not registered even in 1995. In 2008 the exports volume marked 80 million USD. Previously, Georgia-manufactured cement was exported mainly to Azerbaijan. The company …

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A new Euro 4 Cement Plant will be Built in Senaki

A new Euro 4 Cement Plant will be Built in Senaki

A new Euro 4 cement plant will be built in Senaki. This project was discussed in detail at a meeting between the Georgian Prime Minister and businessman Cezar Chocheli. The 100 million USD project is implemented in cooperation with a Chinese company. Construction work will start this June, employing 500 …

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