The state refused of 100,000 manat

The State Committee on Property once again put on an investment competition 99.88% stake in the plant for plastic pipes in Jeyranbatan (Absheron region). This month requirement for transfers to the state budget was reduced by 100,000 manat.

Investors are offered shares at par value of AZN 961,700. Save Profile Company is not a prerequisite of the competition.

The plant was commissioned in 1988. It employs 20 people, who own 0.12% stake in JSC Ceyranbatan Polimer Materiallari. Competition is threaded on August 29th.

In the first half of this year Azerbaijan produced rubber and plastic products totaling 19 million manat, which is 24.4% less than the same period in 2013. It produced 8,300 tons of plastic pipes, which is 33.7% less than in January-June 2013. - 08D-

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