JSC Azer Float was the third company to receive the status of a resident of Sumgait chemical-industrial park (SCHIP).
The press service of the Ministry of Economy and Industry said Turan, that the Company Azer Float Glass will produce plates on the basis of technology Float (rolling on the hot tub). Annual capacity is 8,000,000 m2 of glass of various assortments. Products will be used both inside the country and some will be exported.
According to experts, the need for Azerbaijan to the glass sheets is 20 million m2, which is almost entirely met by imports.
Engineering and procurement technology will be from Horn Glass Industries AG (Germany). The enterprise will employ 150 people.
Prior to that, as residents of SCHIP were recognized Ltd. SOCAR Polymer and LLC Azertekhnoline. Residents of the park are exempt from taxes on the 7-year period.
For creating SCHIP there were allocated 295.62 hectares of land, 82 hectares of which is devoted to the two previous residents.
Ltd. Azer Float "was established in March this year. Its registered address: Baku, 245 M.A. Aliyev Street, apartment 29. The authorized capital of the company is defined at a minimum level for the closed joint-stock company – 4 000 manat .-- 08D-
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