Today Baku Business Center hosted the presentation of the company Alco Lubricant Company as resident of Sumgait Chemical Industrial Park (SCIP).
According to the Ministry of Economy, Alco Lubricant Company will be engaged in the production of lubricating oils based on German technology. The construction of the plant and the purchase of equipment will be invested 10 million dollars. The construction has been allocated 2.5 hectares of land. Then construction will be completed in the second half of 2017.
The production capacity will be 30 thousand tons per year. There will be employed up to 100 people.
LLC Alco Lubricant Company was established in May 2016. The founders are not reported. The initial contribution of capital is 10 manats.
Residents of Sumgait SCIP are 9 companies that have pledged to invest 1.1 billion USD in the construction of factories for the production of different products and to open 2,200 new jobs. --08D
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