Azerbaijan's major machine-building plant plans to modernize production
Baku, Azerbaijan, Jan.9
By Sara Israfilbayova – Trend:
The B. Sardarov Machine-Building Plant under the “Azneftekhimmash” OJSC in Azerbaijan plans to expand production, a source in the government told Trend.
It is planned to attract a loan in the amount of 31.5 million manats for the modernization and production expansion. As expected, the project will pay off in 7,5 years.
The project envisages complete reconstruction and commissioning of the production site in the machine-building plant in Binagadi with the use of the new modern technology.
According to the results of modernization, it is planned to apply for a monogram (quality mark) of the American Petroleum Institute for the main products produced at the plant.
The B. Sardarov Machine-Building Plant functions since 1926. The plant delivers the products to neighboring countries - Russia, Kazakhstan, Turkmenistan, Kyrgyzstan, Uzbekistan, Moldova and Ukraine, as well as Iran, Algeria, Bulgaria, Vietnam, Cuba, Syria, Mongolia and other states..