Major manufacturer of ferrous metal in Azerbaijan, LLC Baku Steel Company announced about increase in the carrying capacity from 770 000 to 1.1 million tons per year after the completion of the reconstruction of the parent company to the 25th of September.
As said in a statement to the press on behalf of the owner of Rasim Mammadov, a few days ago between the BSC and the German company Siemens VAI was contracted to build Hovsani steel casting plant with a capacity of 750 thousand tonnes of steel and rolled products, some of which will be used to privatized companies Pipe Plant OJSC Azerboru. The cost of the contract is 100 million euros. The plant will be located in the port Hovsan (Baku), the reconstruction is completed.
The representative of the LLC Baku Steel Company and announced a grand project to build steel plants in the Dashkesan region and the city of Ganja worth 1.2 billion euros. The project, for which the company intends to begin in October of this year, includes the construction of a plant with a capacity 3,000,000 tons and the discovery of 100,000 jobs.
In April this year, President Ilham Aliyev signed a decree on the establishment of the state of CJSC "Azerbaijan complex of steel", the ownership of which was given Dashkesan mining processing plant. However, until now Company has not passed state registration and is not appointed its board. - 08D-
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