Azeraluminium LLC, a subsidiary of Azerbaijan Industrial Corporation OJSC, signed an agreement with German company Achenbach Buschhütten in Ganja, for a joint establishment of an aluminum manufacturing plant, with an annual production capacity of 105,000 tons.
As a part of the agreement, the plant will manufacture the rolling aluminum products.
The project was scheduled to be implemented in two phases. The investment for the first-phase project was US$132 million, and the total investment will be US$451.2 million.
The plant will not only create more than 800 new jobs but also make exports of its aluminum products more competitive in Europe and the US markets.
Azeraluminium to cooperate with German Achenbach Buschhütten for building new rolling aluminum plant
21 Jul 2022 15:11 reported by Joy Liu
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