Azerbaijani company to expand varieties of combi heating systems

Business Materials 29 August 2019 18:48 (UTC +04:00)

Baku, Azerbaijan, Aug. 29

By Matanat Nasibova – Trend:

The combi heating system production plant, a joint Azerbaijani-Chinese venture owned by Azerbaijan’s Elektrogas LLC, plans to expand its product varieties by launching a new production line, Director of Elektrogas LLC Elnur Jamilli told Trend.

This includes production of combi boilers, he said.

“We are considering such an opportunity next year and find it economically feasible to launch an additional production line,” he noted. “Preliminary volumes for new products can be up to 30,000-40,000 combi boilers per year. These devices will be sold both domestically and exported. We are considering the Russian market as a potential one.”

He added that in the future it is planned to annually produce up to 100,000 combi boilers at the plant.

Local and Chinese investments in the amount of 2 million manats have been spent to establish the plant for the production of combi heating systems.

The plant plans to increase the amount of investments up to 11 million manats in the future.