President of the Republic of Azerbaijan Ilham Aliyev has attended a groundbreaking ceremony for the Azersulfat LLC sulfuric acid production plant and Glassica CJSC glass container production plant and inaugurated the Azerfloat CJSC thermoforming sheet glass plant at the Sumgayit Chemical Industry Park.
Industrialization and the development of the non-oil industry are among the key directions of President Ilham Aliyev's policy towards economic diversification. In this regard, along with other sectors of the economy, special attention is being paid to the development of industry. Systematic measures are taken to attract existing natural and economic resources to production and broader application of advanced technologies.
In accordance with the policy of industrialization, hundreds of modern industrial enterprises and new production facilities are being set up in Azerbaijan. The share of local products in meeting the domestic demand is significantly increasing and export opportunities are expanding.
At present, the development of the industry through the introduction of innovative models represents particular importance. Advanced mechanisms such as industrial parks and agricultural parks and estates aligned with global challenges open up extensive new opportunities for expanding the production of export-oriented goods, further reducing the dependence on oil and gas, developing competitive industries based on innovative technologies and increasing employment opportunities.
The investment cost of the plant to be built under the “production of sulfuric acid” project of Azersulfat LLC is $6 million. The plant is expected to produce 20,000 tons of acid a year. The plant, which will start operating at the end of this year, will create more than 30 jobs.
The head of state laid the foundation of the enterprise.
It was noted that 5,000-10,000 tons of sulfuric acid were imported to Azerbaijan annually in the last three years alone, and the launch of this plant will help to replace imports with local production. The sulfuric acid will also be exported to Georgia and Russia at further stages.
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