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Azerbaijani Akkord Corporation and Austrian company Unger sign memorandum in Vienna (PHOTO)

Business Materials 16 May 2013 13:48 (UTC +04:00)

Azerbaijan, Baku, May 16 / Trend /

The Austrian-Azerbaijani Business Forum was held in the Austrian capital Vienna on May 13, 2013. Participating in the business forum were over 200 executives and representatives of business groups from Azerbaijan and Austria. President of Azerbaijan Mr. Ilham Aliyev, who is on an official visit to Austria, and his Austrian counterpart Mr. Heinz Fischer attended the event and addressed the forum participants. Both of the Presidents emphasized the significance and prospect of strengthening cooperation between business groups of Austria and Azerbaijan, Akkord said today.

Within the framework of the forum Akkord Industry Construction Investment Corporation OJSC (Akkord Corporation) and Austrian Unger Stahlbau GmBH (Unger company) signed a Memorandum of Understanding for construction of a modern steel production plant in Azerbaijan as well as for joint participation in different construction projects concerning usage of steel structures. Mr. Khagani Guluzade, Chairman of the Board of Directors, and Mr. Joseph Unger, Executive Director, signed the memorandum on behalf of Akkord Corporation and Unger Company respectively.

Established in 1952, Unger Company has been one of the world leading companies producing and using steel structures in construction projects. The company has branch and representative offices operating in 20 countries worldwide.

Akkord Corporation gained big experience by participating in implementation of projects funded by such influential international financial institutions as the World Bank, European Bank for Reconstruction and Development, Asian Development Bank and the Islamic Development Bank. For the past years Akkord Corporation has been developing successful cooperation with the world known construction and production companies among which noteworthy are Bouygues (France), Freyssinet (France), Salini (Italy), Condotte (Italy), Herrenknecht (Germany), SINOMA (China) and Ungersteel (Germany).

Apart from Azerbaijan, Akkord Corporation implements different infrastructure projects in Georgia, Ukraine, Kazakhstan, Uzbekistan and Turkey. Besides, the Corporation has a representative office in the city of Frankfurt (Federal Republic of Germany).

Nowadays, Akkord Corporation, which employs over 5000 people, is following the "everything for man" philosophy in its business. Along with the local staff, the Corporation also employs specialists invited from Italy, Germany, Great Britain, UAE, China, Turkey and Georgia.

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