Heidelberg Materials is a leading brand on the Georgian cement and concrete markets. The company has been active in Georgia since 2006, and employs more than 1,200 people locally. Heidelberg Materials is represented in Georgia with a jointly owned CaucasusCement Holding B.V. (100% owner of HeidelbergCement Georgia and HeidelbergCement Caucasus) with 50% of the voting shares. Another 50% (voting shares) of the CaucasusCement Holding B.V. is owned by Cement Invest B.V., an investment company jointly managed and owned by the Georgian Co-Investment Fund (“GCF”) and Hunnewell Partners (“Hunnewell”). Heidelberg Materials and Cement Invest jointly control the resulting joint venture.
HeidelbergCement Georgia supplies cement and concrete to nearly every major construction project in Georgia. To date, the company has made more than 400 million Euro investments that were mainly oriented on existing cement plants modernisation and expansion in the concrete business line.
HeidelbergCement Georgia owns two cement plants in the Kaspi and Rustavi regions, the cement terminal in Supsa, and a grinding plant in Poti. The total capacity of cement production in Georgia equals 2 million tons annually.
Furthermore, the construction of a new dry clinker production line and full modernisation of Kaspi cement plant completed on December 2018. With its USD 100 million preliminary investment budget, using the latest technologies, the project has increased the production capacity up to 3000 tons per day and pushed down production costs substantially. The investment project has the highest standards of the production process. The Kaspi Modernisation Project enables HeidelbergCement Georgia to comply with the highest requirements regarding the EU regulations on environmental protection.
The cement business of the company is supported by a strong network of 14 ready-mixed concrete plants that produce more than 800.000 m³ concrete per year. Sand and aggregates for the concrete is partly supplied by two own aggregate pits in Batumi and Tbilisi.
Georgia is a strategically located country with enormous potential for growth. It benefits from the transport of oil from neighbouring Azerbaijan, and is also a transit country between the Black and the Caspian Seas. Therefore, further economic growth, large investments in infrastructure projects, and a significant increase in cement consumption are expected.