Timeframe for construction start of plant producing heavy buses in Azerbaijan revealed

Business Materials 30 April 2019 14:04 (UTC +04:00)

Baku, Azerbaijan, April 30

By Matanat Nasibova - Trend:

This summer, construction of a new plant for the production of heavy buses is expected to start in the Hajibagul industrial district of Azerbaijan, Chairman of the Board of Azerbaijan’s Azermash OJSC Emin Akhundov told Trend.

He said that the construction is expected to be completed in about a year or more.

“In line with our calculations, the construction of the facility will be completed by the end of 2020,” he noted. “At the initial stage, it is planned to produce about 500 buses of European brands at the plant.”

He added that the share of Azermash OJSC in the construction of the new plant will be 25 percent.

The official opening of the car plant Azermash took place March 29, 2018. The plant’s founders are Iran Khodro and Azerbaijan’s AzEuroCar.

The plant is located in the Neftchala industrial district in the south-east of Azerbaijan. All cars produced at the plant comply with Euro 5 standards.

In 2018, over 1,000 Khazar cars were produced at the Azermash plant, and 95 percent of them were sold. The cost of the Khazar LD car is 18,000 manats ($10,600), Khazar SD – 16,000 manats ($9,400).

The Azermash plant plans to produce 3,000 cars in 2019.