LLC Sumgait Chemical Industrial Park provided LLC Baku Non Ferrous and Foundry Company a status of resident of the industrial park on February 19.
According to the Ministry of Economy, it is the fifth resident of the industrial park. The company will build a factory to produce ferrosilicon (FeSi) - 20 thousand tons and ferrosilicon manganese (FeSiMn) - 36 thousand tons per year.
The company plans to employ about 150 people. The company's products will meet the demand of metallurgical enterprises of the country, and some will be exported abroad.
Baku Non Ferrous and Foundry Company was established on 5 October 2015. The company's capital is 10 manats. The Director of the company is Firuz Alimardanov.
The planned investments are not reported. We do not know the founders’ names either.
According to the legislation, residents of industrial parks are exempt from payment of corporate taxes for a period of 7 years. ------08D
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