58.9 million manats will be invested in the Industrial Park by the new resident of Sumgayit Chemical Industrial Park and 160 people will be provided with jobs.
"AZPAL" CJSC has been granted residency status in the Sumgayit Chemical Industrial Park, which is managed by the Economic Zones Development Agency under the Ministry of Economy, thus the number of residents of the Industrial Park has reached 37.
"AZPAL" JSC will implement a technical (metallurgical) silica production project on the 7-hectare area of the Industrial Park. Ferrosilicon and refined ferrosilicon (FS75) products will be produced within the project.
160 people will be employed in the enterprise with an investment amount of 58.9 million manats. In addition to selling the products produced at the factory in the domestic market, export is also planned.
