HeidelbergCement is a leading brand in Georgia’s cement and concrete markets. The company has been active in Georgia since 2006, and employs more than 1,200 people locally: HeidelbergCement Georgia (formerly SaqCementi and Kartuli Cementi) and HeidelbergCement Caucasus (formerly HeidelbergCement Caucasus and HeidelbergBeton Georgia). HeidelbergCement Georgia supplies cement and concrete to nearly every major construction project in Georgia. To date, the company has made investments totaling more than €200 million, mainly oriented on modernising existing cement plants and expansion of the concrete business line.
The first investment was made in May 2006, when HeidelbergCement purchased a stake of 51% in the Georgian cement producer Kartuli Cementi Ltd. Later, the share in Kartuli Cementi increased to 100%. At the end of 2006, HeidelbergCement also acquired a stake of 75% in SaqCementi, the largest cement producer in the Caucasus region. In 2011, the SaqCementi name changed to HeidelbergCement Georgia. With its leading position in the Georgian cement market, HeidelbergCement Georgia operates three cement plants in the Kaspi and Rustavi regions, the cement terminal in Supsa, and grinding plant in Poti. The companies operate on the market under the common brand name HeidelbergCement Georgia.
HeidelbergBeton Georgia Ltd was founded in August 2008. The company provides the Georgian market with high quality ready-mixed concrete and related services. HeidelbergBeton Georgia successfully operates two stationary batching plants, constructed using German technologies, in the Ponichala and Gldani districts. In September 2011, HeidelbergBeton Georgia commissioned its first mobile ready-mixed concrete plant in Rustavi. The company has expanded rapidly and runs today a total of twelve ready-mixed concrete plants in Georgia.
In order to have a joint management of production companies and plants, HeidelbergCement Caucasus Ltd bundles all functional departments like sales, purchasing, technology, human resources, finances, marketing, and communication.
In November 2017, HeidelbergCement announced that it 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 (“Hunnewell”). HeidelbergCement and Cement Invest will jointly control the resulting joint venture.
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.
Number of Plants
(As of 2017)