Baku, Azerbaijan, July 8
By Matanat Nasibova - Trend:
The broiler production company “Emil” has ceased its activities in Azerbaijan, a source in the company told Trend.
The company’s closure is related to the financial problems, according to the source.
“Previously, the capacity of the company allowed producing about 1 million tons of chicken meat annually,” the source noted. “Presently, in order to start production again, at least 400,000 manats are necessary. However, we cannot solve the financial problem, as banks refuse to allocate a loan for this amount. We are looking for possible options to get out of this situation.”
The source noted that earlier the company was producing chicken and quail meat.
“The production of quail meat stopped a couple of years ago, due to the low profitability of products related to minimal demand in the domestic market,” the source added.
The company’s products have a certificate of conformity issued by the State Committee for Standardization, Metrology and Patents of Azerbaijan.
The company has Iranian equipment.