Hunnewell Cement and the Kaspi cement plant are entering a new stage of development. The implementation of a project in the value of 70 million USD is beginning, which will lay the foundation for a completely new, modern technological line for cement production, said the Prime Minister of Georgia at the presentation of the new investment project with an injection of 70 million USD at the Kaspi plant.

According to the Head of Government, Hunnewell Cement is the only company in the country capable of producing cement through a full production cycle.

“I am pleased that today Hunnewell Cement and the Kaspi cement plant are entering a new stage of development. The implementation of a project in the value of 70 million USD is beginning, which will form the basis for a completely new, modern technological line for cement production.

This is a continuation of the tradition that began in 1926 with the construction of the first plant in Kaspi. This century-long history of Georgian cement production is an inseparable part of our country’s industrial development. Hunnewell Cement is the only company in the country capable of producing this product through a full production cycle. This new large-scale project will bring unprecedented growth in production capacity to our country. Production will increase annually by 400 000 tons and reach a total of 2 million tons.

This means that Georgia will become fully self-sufficient in this regard - we will be able to supply the largest infrastructure and development projects with our own resources, without dependence on imports.

The main orientation of our work is precisely this - strengthening the country's economic independence, qualitatively reducing dependence on imports and supplying the local market with products of the highest quality.

Naturally, environmental protection is also a priority for us. Therefore, it is welcome that the plant will be equipped in accordance with the latest environmental standards, which will minimize environmental impact and introduce modern green production principles.

I want to thank everyone involved in supporting this state-oriented vision and implementing such an important project - engineers, construction specialists, technical personnel, our partners: the Georgia Co-Investment Fund, Hunnewell Partners and GIG Holding. I wish everyone success”, - said Irakli Kobakhidze.