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Azerbaijan's Az-Granata hikes 9M2020 revenues from export of its products

Business Materials 23 October 2020 13:02 (UTC +04:00)
Azerbaijan's Az-Granata hikes 9M2020 revenues from export of its products

BAKU, Azerbaijan, Oct.23

By Fidan Babayeva – Trend:

The Azerbaijani Az-Granata LLC exported products worth $ 3.85 million from January through September 2020, Head of the company’s Export Department Tural Hajiyev told Trend on Oct.23.

According to Hajiyev, from late September to date, the company’s production and export volumes have remained unchanged.

"This year, most of the alcoholic beverages were exported to Turkey - in the amount of $1.02 million," he said.

He also noted that the company plans to export products worth $ 1.5 million by the end of 2020.

"In 2021, the company plans to enter the Swedish markets for the first time. Its revenues spiked by 85 percent since January of this year to date compared to the same period of last year. The greatest demand in foreign markets was for wine products, pomegranate concentrate, pomegranate juice, vodka, cognac, and others," added the department’s head.

The Az-Granata plant, built-in 2011 and located on an area of ​​12.5 hectares, is one of the largest producers of alcoholic beverages in the South Caucasus region, which in addition to cognac and wines also produces liqueurs, vodka, and fruit juices.

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Follow the author on Twitter: @Fidan_Babaeva

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