Sumgayit Chemical Industrial Park's new resident will create 120 new jobs.
The Turkish capital company "Eurotec Group" LLC has been granted resident status in the Sumgayit Chemical Industrial Park, managed by the Economic Zones Development Agency under the Ministry of Economy, bringing the total number of residents in the Industrial Park to 42.
The new resident plans to establish a factory on a 2-hectare area within the Industrial Park, with a production capacity of 200,000 metal barrels per year. The facility, with an investment volume of 9 million manats, will create 120 permanent jobs.
The facility will use advanced Belgian technology, and in addition to selling its products in the domestic market, export is also planned.
