OREANDA-NEWS. May 8, 2009. As one of the respected players in the Azerbaijan construction industry, “Garadagh Cement” has always been providing the construction sector with the high-quality products. Currently the ongoing global economic crisis has negatively affected the development of construction industry all-over the world and decreased the cement demand. In order to support the national construction industry and adapt the cement prices to the market requirements, “Garadagh Cement” OJSC announces new prices for direct customers, valid from May 01, 2009:

“Ekspert” (bulk) – 104 AZN/ton
“Spesial” (bulk) – 100 AZN/ton
“Spesial” (bag) – 121 AZN/ton
“Optimal” (bag) – 115 AZN/ton

In addition, the prices for distributors are again decreased, which will more decrease the retail market prices. Recently, from April 01, 2009 “Garadagh Cement” has introduced new 40 kg packaging for retail market and decreased prices, based on the numerous customer requirements and to protect the end-users from the fake cement threat.

As a result of these price decreases, the distributors’ new recommended selling prices for the Baku-Absheron retail market are as the following:

“Optimal” – 5.7 AZN/bag
“Spesial” – 6.5 AZN/bag

The company has announced the realization of New Kiln investment project in 2008. The project assumes the effective use of natural resources and increase of production capacity, which will serve Azerbaijan construction industry for long-term. Despite the current difficult economic conditions, “Garadagh Cement” is committed to complete this investment. “Garadagh Cement” OJSC always considers this significant investment project during the price adjustments.