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Substation construction contractor in chemical industrial park in Azerbaijan defined

Business Materials 11 February 2015 17:03 (UTC +04:00)

Baku, Azerbaijan, Feb.11

By Azad Hasanli - Trend:

Sumgait Chemical Industrial Park has determined the winner of the tender for the procurement of work for the construction of an electrical substation and electric installation work.

Himprompark signed a contract with the company Elegant Co OJSC, said the report published Feb.11 in the official press.

The first phase of construction of the infrastructure in the chemical industrial park will be completed before the end of 2015. A plant for the production of steel pipes Azertexnolayn Ltd. already operates in the park. At the same time, construction of two plants began on the territory of the park.

In addition, in 2016 it is scheduled to begin the process of production at the company SOCAR Polimer LLC. At present, the delivery of the equipment necessary for production process has completed.

Also, work is underway to attract investors, mutual exchange of experience is held with foreign industrial parks. More than 20 investment proposals from companies in Canada, Germany, Greece, France, Italy and Turkey, which also expressed desire to become residents of the park, have been already received.

The Decree of the President of Azerbaijan on the establishment of the Sumgait Chemical Industrial Park was issued in December 2011.

According to the Decree, the Ministry of Economic Development was instructed to implement measures that support the creation and development of production and processing areas related to chemical industry in the Sumgait Chemical Industrial Park in order to enhance the potential of chemical industry, establish private enterprises in the field and obtain competitive products from local raw materials.

Edited by CN

Follow the author on Twitter: @AzadHasanli

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