Heidelberg Cement Caucasus upgrades its Georgia cement plants

HeidelbergCement Caucasus will renovate and develop its cement plant in Kaspi, Georgia’s Shida Kartli region over the next two years, Agenda.ge reports.

HeidelbergCement Caucasus teamed up with the Georgian Co-Investment Fund and Hunnewell Partners.  The three sides agreed that the final cooperation document should be closed by June 2016.

Of the $120 million investment, $100 million will be spent on introducing a new cement production line in the Kaspi cement plant. Those behind the project believed adding a new cement production line, which meant using a dry process, would substantially reduce the production costs.

Meanwhile, the remaining $20 million will be spent upgrading and developing the supporting network of ready-mixed concrete and aggregates plants in order to reach a strong vertically integrated business setup.