BAKU, Azerbaijan, Aug. 27
By Eldar Janashvili – Trend:
From the moment of its foundation and up till now, the residents have invested about $2.9 billion in Azerbaijan’s Sumgayit Chemical Industrial Park, Trend reports referring to the statement made by director of Sumgayit Chemical Industrial Park Nazim Talibov for the media.
“More than $245 million are expected to be invested in Sumgayit Chemical Industrial Park at the next stage,” director added. “The goods which are produced by the residents of the Sumgayit Chemical Industrial Park are exported not only to the domestic market, but also to a number of countries.”
In general, the products worth more than 1.9 billion manat ($1.1 billion) were sold in the Sumgayit Chemical Industrial Park, of which about 32 percent were exported.
The director stressed that Sumgayit Chemical Industrial Park is the biggest industrial park in the South Caucasus and currently has 23 residents.
Director of Azertexnolayn LLC Tofiq Mammadov stressed that Sumgayit Chemical Industrial Park has recently begun to produce another product upon Russia’s order - cast iron grating which is used on highways.
Presently, along with the plant producing technical equipment, two more enterprises, namely, plants producing steel pipes and polyethylene products, operate in Azertexnolayn.
These plants produce steel pipes of various diameters, high-pressure hydraulic equipment, polyethylene pipes of various diameters on the basis of advanced technologies.
The plants have produced the products worth more than 383 million manat ($225 million) and exported the products worth 95 million manat ($55 million).
(1 USD = 1.7 AZN on Aug. 27)
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