Hunnewell Partners

HeidelbergCement Caucasus completed the expansion and modernization of its Kaspi cement plant near Tbilisi, Georgia, with $100 million in investments. The plant now has a new dry-process clinker production line, increasing capacity to 3,000 tonnes per day.

HeidelbergCement sold 50% of its Georgian business to Cement Invest, a joint venture between Georgian Co-Investment Fund and Hunnewell Partners, for about €115 million, forming a joint venture that operates three cement plants and a grinding facility.