Azerbaijan expands co-op with Germany on aluminum industry development

Business Materials 29 September 2020 13:11 (UTC +04:00)
Azerbaijan expands co-op with Germany on aluminum industry development

BAKU, Azerbaijan, Sept.29

By Fidan Babayeva - Trend:

Azerbaijan Industrial Corporation OJSC, its subsidiary Azeraluminium LLC and German Achenbach Buschhütten company signed a preliminary agreement for further expansion of aluminium production in the Azerbaijan, diversify sales opportunities of manufactured products and apply the latest advanced production technologies, the corporation told Trend.

"As a result of cooperation between Azerbaijan Industrial Corporation OJSC and Achenbach Buschhütten, it will be possible to produce aluminium products based on high technologies, which in turn will lead to the sale of a wide range of products," the company said.

Moreover, the production increase of primary aluminium by additional 50,000 tons, will ensure the self sufficient production of rolled products, achieve higher quality of rolled products, be recognized as one of the world's best suppliers in terms of quality standards. The advanced casting and rolling process allows for a production of all aluminium alloys to be used in all major industries, like packaging, automotive, shipbuilding, aircraft, defense, construction, and telecommunications.

The new and state-of-the-art production process offered by Achenbach Buschhütten is used in a small number of enterprises around the world, which provides a significant opportunities to gain an advantage in technology, sales and competition, the corporation noted.

The next step is the preparation of a detailed feasibility study with the involvement of an international consulting company to determine the feasibility of the project and ensure its financing by reputable financial institutions around the world, added the corporation.


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