Azerbaijan's Sumgayit Technologies Park switches to new activity model
BAKU, Azerbaijan, Nov. 20
By Fidan Babayeva - Trend:
Azerbaijan’s Sumgayit Technologies Park (STP) LLC was reorganized into a holding model in management and business organization to further increase efforts to develop the non-oil sector in the country and bring the form of organizational management in line with corporate standards, Rashad Aliyev, STP PR Manager, told Trend.
According to Aliyev, the transition to a new model of activity will contribute to the development of the country's industry, the export of competitive products to foreign markets, and the formation of professionals in specific areas.
“These changes and related innovations are being implemented taking into account international standards and practices. Within structural changes in the organizational structure and business management, new business units and joint ventures were established at Sumgayit Technologies Park LLC. Subsidiaries of the STP, STP Aluminum, STP Global Cable, STP Metal Structures, and a number of other enterprises were established as the main production lines. Within these companies, several production sites operating as part of the STP will be developed,” said the PR manager.
By introducing structural changes that provide more flexible and transparent management, he said, businesses will be able to focus on their businesses, innovate faster, expand their product range and respond more flexibly to customer needs.
The products and services produced by Technopark have been widely used in large infrastructure projects in various districts of Azerbaijan, Aliyev emphasized.
The STP team, in addition to meeting the needs of the domestic market and developing the ‘Made in Azerbaijan’ brand abroad, has already begun preparations for active participation in the restoration work that will be carried out on liberated lands of Azerbaijan.