HeidelbergCement outlines Georgia investment strategy

Georgia's Ministry of Economy and Sustainable Development recently signed an agreement with HeidelbergCement which will see the German multinational invest US$100m in the country during the next five years. The value of investments made by HeidelbergCement after the start of its operations in Georgia in 2006 exceeds US$270m to date.

In particular, the company will expand production at its coal quarry in Tkibuli, Imereti region, as well as consider the development of construction materials production.

In addition, HeidelbergCement plans the development of its existing facilities, including an upgrade of the Kaspi cement plant (Shida Kartli region) and the construction of new works in Poti.