ITALIAN COMPANY TO VISIT AZERBAIJAN
Representatives of the Italian company FAVA will arrive in Azerbaijan on 10-15 September 2005 to discuss the project on the construction of the macaroni factory in Khachmaz, Ahmet Erentok, the chairman of the Management Board of the Azerbaijani-Turkish Entrepreneurs Union, said on Tuesday.
According to Erentok, the key objective of the talks is to search a reliable partner on the project. "We are interested in manufacturing high-quality products in Azerbaijan and finding
a reliable partner for its export. The project is implemented by Рђtasanaye, a member of Ata Holding, which plans to set up construction of the Macaroni Factory late this September.
The factory will function as a joint venture and work on Italian equipment, while along with the Azerbaijani, the Italian brand will be indicated in the products manufactured.
70% of the output will be allocated for export.
Annual production capacity of the factory with the project value of approximately $5m, is 11,000-12,000 tons. Around 150 people will be provided with jobs in the enterprise, which will be put into exploitation mid-2006.