Azerbaijan: Norm Cement's cement plant in Garadagh, Baku will reach its full production in 2014, General Director Hasan Yalcinkaya has announced. The plant will produce up to 1.6Mt/yr of clinker and 2Mt/yr of cement.
"We are currently importing clinker, and we will start production of clinker in January 2014. We plan to produce 50,000 - 60,000t by the end of 2013. We will begin retail sales of cement in October - November 2013," said Yalcinkaya.
According to Yalcinkaya the cement plant cost US$400m and it is one of the largest projects outside the oil industry in Azerbaijan. It is anticipated that the plant will reduce cement imports and annual outflow of capital from the country by US$150m. Subsequently Norm intends to focus on the local market in Azerbaijan.