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Azerbaijan-Chinese JSC to Launch Production of Window Polished Glasses

Business Materials 14 February 2007 20:14 (UTC +04:00)

The construction of a joint-stock enterprise on the production of window polished glasses is expected to be launched in the country in the second half of 2007. Gudrat Karimov, the President of Khazar JSC, informed Trend that the Azerbaijan party is currently holding negotiations with China Shianfi, which has plans to participate in the organization of the above-mentioned production. The total value of the project is estimated at $12 mln.

The production capacity of the forthcoming enterprise will reach 2 mln. square metes of glass per year. The Azerbaijan and Chinese party may put their investments to the new joint-stock enterprise on fifty-fifty basis, i.e. $6 mln. each.

Khazar JSC has already become the shareholder of the glass plant operating in Sumgayit.

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