BAKU, Azerbaijan, July 29. Azerbaijan's first industrial explosives plant, which is on the books of AzerBlast LLC (a subsidiary of AzerGold CJSC), has been up and running in Ganja, a social network announced about Azerbaijan's Ministry of Economy, Trend reports.
According to the publication of Economy Minister Mikail Jabbarov in social networks, “this important project demonstrates the success of the public-private partnership business model in achieving such goals as the creation of new jobs and modern production facilities, as well as the elimination of dependence on imports.
The plant is initially designed to produce 14,000 tons of ANFO and H-ANFO explosives, growing to 31,500 tons per year.
The production line of the plant is based on the technological project of the Turkish company HTD Kimya ve Mühendislik A.Ş. and is equipped with equipment manufactured in Germany, Great Britain, and Türkiye.
To note, "AzerBlast" LLC was established based on a public-private partnership to meet the growing demand for civil explosives in the country and eliminate import dependence (51 percent of LLC shares are owned by "AzerGold" CJSC and 49 percent by "DM Servis" LLC, a private company specializing in this field).
The plant produces ANFO and H-ANFO explosives for use in mining and construction industries.
The total cost of investments in this enterprise is 15 million manat ($8.8 million).
The plant employs 35 people at the initial stage, with a subsequent increase to 65 specialists.