BAKU, Azerbaijan, Dec. 3
By Fidan Babayeva - Trend:
Russia’s PENOPLEX Prikavkazye LLC will complete the development of the plant construction project in Azerbaijan by the end of 2020, Ruslan Mirsayapov, Trade Representative of Russia in Azerbaijan, told Trend.
Mirsayapov made the remark at a meeting with the Senior Counselor of the Russian Embassy in Azerbaijan Vasily Beldyugin and with the General Director of PENOPLEX Prikavkazye LLC Rashad Rahimov.
In the first quarter of 2021, it is planned to obtain a positive expert opinion, and a tender for the construction of the plant will be announced, Mirsayapov said.
“Pilot batches of products will be produced by the Azerbaijani enterprise by the end of 2021. The design capacity of the production will be 100,000 cubic meters of materials per year,” the trade representative noted.
In order to implement the project in 2019, the PENOPLEX Prikavkazye LLC was established in Azerbaijan with 100-percent participation of PENOPLEX SPb LLC, the company was assigned the status of a resident of the Hajigabul industrial quarter.
PENOPLEX is a large Russian manufacturer of building and decorative and finishing materials based on polymers, which began its activity in 1998 with the launch of the first production line in Russia for the production of thermal insulation materials from extruded expanded polystyrene under the PENOPLEX trademark.