Pandemic and Cement Producing in Georgia

Strict Restrictions - the coercive action in the course of Coronavirus pandemic reduces economical activities to its minimum. The main part of businesses has stopped, the rest of them continue to work with low capacities.

The decision made by Georgia's government, which managed to not stop large infrastructural projects, gave opportunity to some companies to continue working in this crisis.

The company Lafarge/GCC produces cement, which is then used for infrastructural projects.

One of the founders of Lafarge/GCC, Merab Chikhradze noted, that this type of enterprise needs production cycle stabilized, even with the reduced capacities.

"Unlike many businesses, producing cement and concrete is not paused, we continue to operate. Our products are needed for large infrastructural projects, which are significant to continue implementing due to nationwide quarantine. Although, economical index of the business is significantly changed since the main raw material value is linked to the national currency. Unfortunately, because of Lari depreciation, we are also affected as the rest of the businesses. Regardless of this fact, we acknowledge our social responsibility towards Georgia's economic stabilization and since our business is in the front line, we support the building sector with all of our efforts.", noted Merab Chikhradze.

One of the founders of Lafarge/GCC also stated, that their sales are dropped by 30%, which is not a small amount for such a business.

"Because of coronavirus pandemic, large and medium-sized private projects are temporarily stopped. These types of projects are connected with their sales portfolio and bank credits. The retail sector is also significantly reduced.", added Merab Chikhradze.

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Pandemic and Cement Producing in Georgia

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Pandemic and Cement Producing in Georgia

Last 7 Days Hot Topic

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine 01

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC 02

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul 03

Georgia Sees Surge in Electric Vehicle Registrations 04

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path 05

Levan Lepsveridze Joins Jury at Cannes International Festival 06

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine
01

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
02

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul
03

Georgia Sees Surge in Electric Vehicle Registrations
04

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path
05

Levan Lepsveridze Joins Jury at Cannes International Festival
06