HeidelbergCement in Georgia launches new equipment

HeidelbergCement has launched a new separator at its cement plant in Rustavi, Georgia. Investment in the project stands at €7.34 million and the separator allows the production of new types of cement that have never been produced in Georgia before.
June 3, 2014 Read time: 1 min

674 HeidelbergCement has launched a new separator at its cement plant in Rustavi, Georgia. Investment in the project stands at €7.34 million and the separator allows the production of new types of cement that have never been produced in Georgia before.

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November 13, 2017

HeidelbergCement sells half of its Georgian business

HeidelbergCement has sold 50% of the voting rights in its Georgian business to Cement Invest, an investment company jointly managed and owned by the Georgian Co-Investment Fund (GCF) and Hunnewell Partners.

HeidelbergCement and Cement Invest will jointly control the resulting joint venture.

The transaction will contribute in total about € 115 million to the future reduction of net debt of HeidelbergCement.

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