HeidelbergCement plans new Georgia investment

Germany-based HeidelbergCement intends to invest an additional US$100m in its recently-acquired Poti works, Georgia, according to the Economy and Sustainable Development Ministry.

The company is also reported to plan a modernisation of the Kaspi works and an expansion of concrete plants throughout the country.

Since 2006, HeidelbergCement has invested more than EUR200m in Georgia. It owns three cement and eight concrete plants as well as a cement terminal in Supsa.