Azkompozit swallows Sumgayit Semayye Istehsal

Business Materials 29 June 2006 13:08 (UTC +04:00)

Azkompozit privatized Sumgayit Senayye Istehsal AO through the tender. Trend reports referring to the release of State privatization committee, the sale and purchase contract has been signed to date.

Azkompozit agreed to invest 15.9mln AZN in 3 years. It also shall recover production areas and implement new technologies.

Investment project implementation suggests opening 200 new workplaces. Among social actions there is salary rise and work conditions improvement and so.