JSC Holcim (Azerbaijan) announced the delivery of retail packed cement brand Qaradag Expert, previously sold on wholesale.
"The plant offers small and medium customers the opportunity to buy them in the required cement volume," the statement of the company says. Prior to this, two brands were sold in bags, Special and Optimal.
Qaradag Expert products used in the manufacture of high-strength concrete for reinforced concrete structures , dry mixes , insulation materials , tile products, etc.
Annual capacity of JSC Holcim (Azerbaijan) is 1.7 million tons of cement. The cement is delivered to customers mostly on wholesale.
Cement production is carried out in a new kiln. Older furnaces will be liquidated by the end of this year. Reserved for this is about 4 million manat.
According to the State Statistics Committee, for the three months of this year Azerbaijan produced 558,100 tons of cement, which is 44 % more than in the comparable period of 2013. The volume of imports of cement in terms of money during this period was approximately the same as in January-March last year - about $ 27 million - 08D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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