28 September 2016

Kaspi Plant Modernization - USD100 million Investment Project

On September 27th, the groundbreaking ceremony of the USD100 million investment project of HeidelbergCement Caucasus – upgrade of the Kaspi Cement Plant to the modern Dry Line method of clinker production took place in HeidelbergCement Plant, Kaspi, Georgia.

The ceremony was attended by the Prime Minister of Georgia, Mr. George Kvirikashvili, the Minister of Economy of Georgia, Dimitry Kumsishvili, the Ambassador of Germany in Georgia, Dr. Heike Peitsch, Heidelbergcement Group Director of Northern and Eastern Europe-Central Asia and Member of the Managing Board - Dr. Albert Scheuer, the General Director of Heidelbergcement Caucasus, Mr. Michael Hampel and representatives of the media.

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.

About HeidelbergCement Georgia
HeidelbergCement started its 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 670.000m³ concrete per year. Sand and aggregates for the concrete is partly supplied by two own aggregate pits in Batumi and Tbilisi.