BAKU, Azerbaijan, Jan. 16
By Matanat Nasibova - Trend:
Elektrogas LLC, an Azerbaijani-Chinese joint venture, producing heating systems, has decided on the export dates of its products, a source at the plant told Trend.
The export of the plant’s products will begin in March this year, according to the source.
“Deliveries will be made to Russia, Georgia and Iran,” the source noted. “Later, it is planned to export products to Central Asian countries. Negotiations are ongoing with partners in these countries. In the future, it is planned to export products to European countries. In this regard, the plant is increasing its production potential in order to cover the demand of the domestic market and expand the geography of exports.”
The plant produces six varieties of combi heating systems, three of which will be exported under the Made in Azerbaijan brand.
“This year, we are going to increase the power of combi systems up to 100 kW in order to expand the export potential and geography of supplies,” said the source.
The local and Chinese investments in the amount of 2 million manat (over $1.1 million) were attracted to establish the company. In the future, it is planned to increase investment to 11 million manat ($6.4 million).
The plant has been operating since April 2019
The Elektrogas LLC is located in Baku’s Zabrat settlement.
(1 USD = 1.7 AZN on Jan. 16).
---
Follow the author on Twitter: @MatanatNasibova