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ITALIAN COMPANY TO VISIT AZERBAIJAN

Business Materials 30 August 2005 17:31 (UTC +04:00)

Representatives of the Italian company FAVA will arrive in Azerbaijan on 10-15 September 2005 to discuss the project on the construction of the macaroni factory in Khachmaz, Ahmet Erentok, the chairman of the Management Board of the Azerbaijani-Turkish Entrepreneurs Union, said on Tuesday.

According to Erentok, the key objective of the talks is to search a reliable partner on the project. "We are interested in manufacturing high-quality products in Azerbaijan and finding

a reliable partner for its export. The project is implemented by Рђtasanaye, a member of Ata Holding, which plans to set up construction of the Macaroni Factory late this September.

The factory will function as a joint venture and work on Italian equipment, while along with the Azerbaijani, the Italian brand will be indicated in the products manufactured.

70% of the output will be allocated for export.

Annual production capacity of the factory with the project value of approximately $5m, is 11,000-12,000 tons. Around 150 people will be provided with jobs in the enterprise, which will be put into exploitation mid-2006.

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