Azerbaijani company seeking foreign investors for plant reconstruction
Baku, Azerbaijan, June 9
By Azad Hasanli - Trend:
Azerbaijan's Matanat-A company intends to attract foreign investors to the reconstruction of a plant for manufacturing lime products in the country's Gazakh district.
The project has been included in the 2016 investment catalogue of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO).
The project's cost is estimated at around 12.8 million euros. Matanat-A company will provide 30 percent of this amount and plans to attract the remaining part from foreign investors.
The project's implementation is expected to last two years, while its pay-back period is four years.
Lime products to be manufactured at the plant are planned to be used in oil, chemical, food and agricultural spheres for various purposes.
The Matanat-A company, which was created in 2000, is the first manufacturer of cement and gypsum products in Azerbaijan.