Azerbaijan Investment Company (AIC), Azerbaijan Export and Import Promotion Foundation (AZPROMO), “Garnet” JSC and “SAF” LLC fruit juice producers have signed a Memorandum of Understanding to set up the “AZERİ Fruit Co” joint stock company.
[01.07.2008]
The "Garnet” JSC and “SAF” LLC fruit juice producers have decided to merge assets through creation of the “AZERİ Fruit Co” joint stock company to increase production, processing, purchase and sales of fruit juices in the Republic of Azerbaijan, taking into consideration current development trends, domestic and global market potential, and the need to bring product quality up to international standards.
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"Caspian International Investment Company" JSC (CIIC) has registered with the state executive bodies in March 2008.
[22.04.2008]
The "Caspian International Investment Company" JSC (CIIC) has been registered with the state registration bodies in March 2008. Currently, a number of interested companies are developing business plans for the CIIC's attention and potential interest. CIIC is showing significant interest in such areas as logistics, agribusiness, construction of business and shopping centers, production of office furniture, construction of hotels and warehouses.
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Cooperation with Ernst & Young.
[02.04.2008]
Azerbaijan Investment Company has signed a contract on provision of external audit services with Ernst & Young. The contract was signed following the decision of the Supervisory Board of the AIC of January 29, 2008.
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"Holcim Group" and the Azerbaijan Investment Copmpany have agreed on joint participation in the capital of the "Garadagh Cement" OJSC - the Azerbaijan's largest cement plant.
[15.02.2008]
“Garadagh Cement”, the largest cement producer in Azerbaijan, welcomes the “Azerbaijan Investment Company” (AIC) as a new investor. AIC is acquiring a 10% minority stake of the “Garadagh Cement” OJSC for EUR 13.7 million from the Garadagh’s parent company “Holcim Group”, which currently holds 79.4% of the shares.
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The Supervisory Board of the Azerbaijan Investment Company had a meeting on January 29, 2008
[31.01.2008]
The meeting of the Supervisory Board of the Azerbaijan Investment Company was held on January 29, 2008. The AIC Supervisory Board has made a decision on allocating investment to the charter capital of the “Garadagh Cement” OJSC. The total cost of the project is estimated at 327 million Euros, and it is designed to boost the annual outputs of clinker from 0.8 million tons up to 1.2 million tons, and increase cement production capacity from 1.3 million tons up to 1.7 million tons. It is also planned to reduce the negative environmental impacts by cutting consumption of power down by 50%. The AIC Supervisory Board has decided on the Azerbaijan Investment Company’s involvement
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