BAKU, Azerbaijan, January 27. On January 27,
President of the Republic of Azerbaijan Ilham Aliyev participated
in the inauguration of the cardboard and box packaging production
facility of “Baku Cardboard and Box Factory” LLC in the Sumgayit
Industrial Park, Trend reports.


Kamran Salmanli, head of “Baku Cardboard and Box Factory” LLC,
briefed the head of state on the enterprise’s operations.


It was reported that “Baku Cardboard and Box Factory” LLC, which
was granted resident status in the Sumgayit Industrial Park in
2023, established the cardboard and box packaging production
facility on nearly three hectares of the Park’s territory.
Utilizing Turkish and Chinese technologies, the facility will
produce 55 million square meters of cardboard and box packaging
annually. The project is planned in two phases: the first phase
involves the production of cardboard and boxes, while the second
phase will focus on recycling local raw materials required for
cardboard production. In addition to meeting domestic market
demand, the products are intended for export. The investment value
of the facility amounts to 20 million manats. The Azerbaijan
Business Development Fund under the Ministry of Economy allocated a
preferential loan of 2 million manats for the establishment of the
enterprise. The facility has created 64 permanent jobs. Benefiting
from all incentives provided to industrial park residents, the
enterprise has enjoyed tax and customs exemptions totaling
approximately 1.3 million manats.


Broad incentive and stimulation mechanisms are applied for
residents of industrial zones to promote the development of
entrepreneurship. Residents are provided with ready-made
infrastructure created at the state’s expense, including gas,
electricity, water, wastewater disposal systems, internal roads and
railways, as well as fiber-optic internet lines. At the same time,
residents are exempt for 10 years from property, land, and profit
taxes, as well as from value-added tax and customs duties on
imported machinery, technological equipment, and devices intended
for production purposes.


Will be updated