Azerbaijan, Baku, 27 May / corr Trend E.Ismayilov / This year, the Shemakha automobile plant will produce 2,500 automobiles, an official at Evsen said. Next year the enterprise plans to produce 5,000 automobiles a year.
The production capacity of the enterprise is 3,600 automobiles a year. From the next year onwards, it is planned to expand the production ratio by installing new equipment, which will further enable to increase the production up to 10,000 automobiles.
On 27 May, the Turkish group of companies Evsen, IranKhodro factory and the Iranian Bank for Export Development signed a $73mln contract on production of 10,000 automobiles of following brands-Azsamand El (4,000), Azsamand LX (4,000), Azsamand Soren (2,000).
The contract was signed in Shemakha city of Azerbaijan within the framework of the first international business conference. The organizers of the conference are the Ministry of Economic Development of Azerbaijan, the Fund for Promotion of Investments (AZPROMO), and a group of companies Evsen.