BAKU, Azerbaijan, October 9
By Jeila Aliyeva - Trend:
International industry experts provided through an ongoing assistance program of the European Bank for Reconstruction and Development (EBRD) and European Union will help Turkmen Ak Hunji company to access new export markets, Trend reports with reference to EBRD.
Despite the fact that the pandemic affected the company’s export operations due to closed borders, Ak Hunji’s sales within Turkmenistan grew by 14 percent this year, the report says.
EBRD and EU helped the company introduce ISO 9001:2015, a quality standard required to start exporting its products to Kazakhstan, Georgia, and Ukraine, and provided support to introduce a financial reporting system in accordance with international principles in the last three years.
In addition, EBRD provided US$ 1.8 million in financing to expand Ak Hunji’s business through the construction of new production facilities and the launch of a new XPS (extruded) polystyrene product line a few months ago.
Ak Hunji went through a major modernization process using a loan from a local bank, updating facilities, and adopting new technologies from Germany, Turkey, and China from 2013 through 2015. Since then, the company has grown by 30 percent each year.
Ak Hunji is a company providing decorative moldings, insulating panels, and other building materials made of expanded polystyrene (EPS), that was established in 2009.
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