Baku, Azerbaijan, Feb. 23
By Anvar Mammadov - Trend:
A contract on establishment of ferroalloy production plant in Sumgait Chemical Industrial Park was signed Feb. 23 in Baku.
Baku Non-Ferrous Metals & Ferroalloys Company and Turkish Demora company signed the contract.
The contract's signing ceremony took place within the framework of the "State support for development of the industry" conference held in Baku organized by Azerbaijan's Economy Ministry.
Baku Non-Ferrous Metals & Ferroalloys Company became the fifth resident of Sumgait Chemical Industrial Park. The company will be engaged in the production of ferrosilicon and ferrosilicon manganese (FeSiMn).
A plant for the annual production of 20,000 tons of ferrosilicon and 36,000 tons of ferrosilicon manganese will be built within the project.
Opening of the plant will create 150 new jobs. The plant's products will be directed both to the domestic market, and to export.
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