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Azerbaijani, Japanese companies mull expanding tobacco sales opportunity

Business Materials 22 April 2020 19:23 (UTC +04:00)
Azerbaijani, Japanese companies mull expanding tobacco sales opportunity

BAKU, Azerbaijan, Apr.22

By Fidan Babayeva – Trend:

Representatives of the Azerbaijan Industrial Corporation (AIC) OJSC headed by Director General Kamran Nabizade conducted working meeting with Japanese delegation headed by Tet International Development company’s President and CEO Taro Sawada, Trend reports referring to the corporation.

The participants of the meeting, held through videoconferencing, discussed issues of mutual cooperation, joint work on the production and processing of tobacco by Azerbaijan’s Azertutun LLC, more active involvement of the Japanese company in these activities, as well as the future investment opportunities.

AIC’s delegation emphasized the importance of cooperation with Tet International Development in production, management and organizational work. The Japanese delegation noted the necessity to gradually implement these processes.

Speaking about the discussed issues related to the sale of dry tobacco, the delegation stated that the company has wide opportunities in this area, which the corporation can benefit from.

"During the meeting, ways of using opportunities, as well as expanding sales potential were also discussed," AIC said.

Azerbaijan Industrial Corporation was established by the decree of President of Azerbaijan Ilham Aliyev dated November 6, 2017.

The main purposes of its establishment are to improve the efficiency of state property management; create profitable cooperative ties between state-owned enterprises; ensure growth of production potential along the value chain; increase in industrial production; accelerate non-oil sector development rates; overcome unemployment by opening new jobs in the regions and the republic as a whole; increase the level of material welfare of the population and others.

Azertutun company, subsidiary of AIC, has 236 tobacco drying chambers and other necessary infrastructure in Balakan, Zagatala and Sheki districts.

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