LafargeHolcim Azerbaijan



Project number:


Business sector:

Manufacturing and Services

Notice type:


Environmental category:


Approval date:

07 Sep 2016



PSD disclosed:

20 Jun 2016

Translated version of this PSD: Azeri

Project Description

The EBRD is considering an additional investment in Holcim OJSC to increase the Bank's stake in the company with a view to extend its participation in the business.

Project Objectives

To continue supporting the company to improve energy efficiency through the introduction of alternative fuels in its fuel mix.

Transition Impact

The bank will continue to support a major company in Azerbaijan, demonstrating continued support for the country's non-oil sector. In addition, the company is committed to sustainability standards, and will pursue the use of alternative fuels in its operations.

Client Information


Holcim (Azerbaijan) OJSC is one of the largest cement and clinker producers in Azerbaijan.

LafargeHolcim, the world's most advanced group in the building materials industry, acquired a controlling stake in Holcim (Azerbaijan), formerly Garadagh OJSC, during a privatisation process in 1999. Today LafargeHolcim owns more than 80% of the company's share capital and provides managerial, technical and commercial resources.

EBRD Finance Summary

Up to 20% of the shares of the Company.

Total Project Cost

The value of up to 20% of the shares of the Company.

Environmental and Social Summary

Category B. Environmental and social issues associated with restructuring and additional financing to an existing cement plant can be readily assessed and mitigated based on an Environmental and Social Due Diligence (ESDD). The Bank financed the original plant acquisition and subsequent modernization in 2009 and has a long standing relationship with the Company. Details of the original financing and EIA disclosure.

The current financing is aimed at supporting the Company in optimizing its operations, and no material changes to operations are envisaged. This will be confirmed as part of the current ESDD and the existing ESAP will be reviewed and updated, as required, based on the findings of the ESDD.

The PSD will be updated based on the ESDD.

Technical Cooperation


Company Contact Information

Rossen Papazov
Sahil settlement, Salyan highway Baku AZ-1083 Azerbaijan

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

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