BAKU, Azerbaijan, January 29. A facility of
'Baku Cardboard and Box Factory' LLC, granted resident status by
the Economic Zones Development Agency under the Ministry of Economy
in the Sumgayit Industrial Park in 2023, will produce 55 million
square meters of cardboard and box packaging annually utilizing
Turkish and Chinese technologies, Kamran Salmanli, head of the LLC,
said during a media tour today, Trend reports.
Kamran Salmanli, the head of the LLC, stated that the facility
occupies 2.7 hectares of land.
“The LLC established the cardboard and box packaging production
facility on nearly three hectares within the Park's territory. In
addition to fulfilling domestic market demand, the products are
also intended for export. The total investment in the facility
amounts to 20 million manat ($11,760), and it has generated 64
permanent jobs. By leveraging the full range of incentives
available to industrial park residents, the enterprise has
benefited from tax and customs exemptions totaling approximately
1.3 million manat ($760,000),” he explained.
Salmanli further highlighted that negotiations have been
successfully conducted with two U.S. companies, with a contract set
to be signed in the coming weeks. He added that sales
representation would be granted to these U.S. companies, and that
the initial raw materials for production would be sourced from
Georgia and Russia.
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.
