BAKU, Azerbaijan, June 4. "Ceer Plastik" LLC
has been granted the status of a new resident of the Aghdam
Industrial Park, Trend reports, citing the Economic Zones Development
Agency under the Ministry of Economy.
According to the information, a project for plastic waste
recycling, as well as the production of corrugated and
high-pressure polyethylene pipes, will be implemented by the new
resident of the Aghdam Industrial Park.
Within the framework of the project, which has an investment
value of 5 million manat ($2.9 million), the company plans to carry
out plastic waste recycling and the production of corrugated and
high-pressure polyethylene pipes on the territory of the Industrial
Park.
31 business entities have been granted resident status, and 5
entrepreneurs have received non-resident status in the Aghdam
Industrial Park. To date, entrepreneurs have invested more than 172
million manat ($101.1 million) in projects implemented within the
industrial park, creating over 1,000 jobs. Ranking second in the
country by the number of residents, the products manufactured in
the Industrial Park are directed toward meeting local demand as
well as being exported.
The Aghdam Industrial Park was established by Decree No. 1347 of
the President of the Republic of Azerbaijan dated May 28, 2021, "On
the establishment of the Aghdam Industrial Park." The purpose of
creating the Aghdam Industrial Park is to revive the liberated
territories, develop the industrial potential of Karabakh, support
entrepreneurship, organize competitive industrial production based
on modern technologies, and increase public employment in the
manufacturing sector.
