Azerbaijan Entering Market of Industrial Oils
On February 1, for the first time in the trade network in Azerbaijan, industrial oils of local production under the trademark Technol will be sold.
The manufacturer of products (engine oils, gear oils, gear boxes (ATF), hydraulic lubricating oil) is the domestic company Technoil established in 2015. Its founders are Javid Sabzaliyev and Elvin Hajiyev, Turan was told in Technoil LLC. The entrepreneur Sabzaliyev is also a co-founder of one of the manufacturers of paints and varnishes in Azerbaijan under the brand name Sobsan.
The production process is carried out with equipment manufactured in Turkey by German technology. The laboratory of the plant is equipped with appliances from the leading companies of Europe and Japan. Production of the plant is designed for all types of freight and passenger cars, and motorcycles. Raw materials for production come from France, Italy, Russia and other countries. The products meet international standards API and Acea.
The creation of the company was invested 5 million manat. The plant’s capacity at the first stage is 50,000 tons. In the near future, the company plans to double the production. It also plans to enter foreign markets.
The company employs 50 people.
Note that the new company enjoys tax relief for a period of 7 years. 08B
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