Translated version of this PSD: Azeri
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.
To continue supporting the company to improve energy efficiency through the introduction of alternative fuels in its fuel mix.
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.
HOLCIM (AZERBAIJAN) OJSC
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.
Company Contact Information
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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Text of the PIP
Project Complaint Mechanism (PCM)
The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.
Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (email@example.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.