ECONOMY
CAMCE signs USD1.17bln contract with Azerbaijan
Baku, December 6, AZERTAC
China CAMC Engineering Co.,Ltd. announced on Wednesday that it signed a contract with an Azerbaijani steel company worth 1.17 billion U.S. dollars on a steel mill project in Ganja, Azerbaijan, Xinhua reported.
The amount of the contract accounts for 74.5 percent of the company's total operating income in 2017.
Under the agreement, the listed company will help the steel company build a new steel mill with the annual production capacity of 1.25 million metric tons (tonnes) of direct reduced iron and 700,000 tonnes of steel plate products.
Construction on the steel mill will need 42 months.
CAMCE, an incorporated company affiliated to China National Machinery Industry Corporation (SINOMACH), has completed dozens of large-scale turnkey projects and equipment export projects.
FEEDBACK
Other news in this section
- 25.04.2024 [19:20]
® Age of innovations kicks off with Bakcell!
- 25.04.2024 [18:33]
Euronews TV channel airs reportage on Azerbaijan’s Port of Baku
- 25.04.2024 [14:20]
Azerbaijan, Kyrgyzstan discuss digital transformation
- 25.04.2024 [14:12]
Hungary eager to increase gas supply from Azerbaijan
- 25.04.2024 [12:11]
Oil prices surge in global markets
- 25.04.2024 [11:56]
Azerbaijan, Algeria discuss energy cooperation
- 25.04.2024 [10:21]
Azerbaijani oil sells for $89.49
President Ilham Aliyev embarked on working visit to Germany
- 25.04.2024 [23:30]
China launches 3 astronauts to Tiangong space station on Shenzhou 18 mission
- 25.04.2024 [20:46]
Five short films to be shot about Wetlands on Northern Black Sea Coast
- 25.04.2024 [20:40]
Milli Majlis of Azerbaijan responds to the European Parliament’s resolution
- 25.04.2024 [20:04]
® Age of innovations kicks off with Bakcell!
- 25.04.2024 [19:20]
LG Electronics’ operating profit falls 10.8 pct in Q1
- 25.04.2024 [18:47]
Euronews TV channel airs reportage on Azerbaijan’s Port of Baku
- 25.04.2024 [18:33]
Azerbaijani taekwondo fighters to compete in Presidents Cup Europe G2
- 25.04.2024 [17:55]
155 dead, 236 injured as torrential rains hit Tanzania
- 25.04.2024 [17:41]
Azerbaijan, Kyrgyzstan sign Memorandum of Understanding
- 25.04.2024 [17:15]
Philippines grapples with measles, pertussis outbreaks: UNICEF
- 25.04.2024 [17:02]
China welcomes progress made in Azerbaijan-Armenia normalization process
- 25.04.2024 [17:01]
Presidents of Azerbaijan and Kyrgyzstan had joint dinner VIDEO
- 25.04.2024 [16:42]
Azerbaijani gymnast into final of 2024 Men’s Artistic Europeans
- 25.04.2024 [16:36]
More than 100 inmates escape after rain damages Nigerian prison
- 25.04.2024 [16:15]
Human remains found in Khojaly district VIDEO
- 25.04.2024 [16:10]
Presidents of Azerbaijan and Kyrgyzstan visited the city of Aghdam VIDEO
- 25.04.2024 [16:01]
US secretary of state lands in China on crucial visit
- 25.04.2024 [15:50]
Azerbaijan showcases its tourism potential in Jordan
- 25.04.2024 [15:47]
Tesla could start selling Optimus robots by the end of next year, Musk says
- 25.04.2024 [15:09]
Egypt welcomes agreement between Azerbaijan and Armenia
- 25.04.2024 [15:02]
Azerbaijan, Kyrgyzstan discuss digital transformation
- 25.04.2024 [14:20]
Toyota fails to meet 10.1 mil. output target in FY 2023 amid scandals
- 25.04.2024 [14:16]
Hungary eager to increase gas supply from Azerbaijan
- 25.04.2024 [14:12]
NASA's Voyager 1 returns intelligible signal for 1st time in months
- 25.04.2024 [14:10]
Azerbaijani film selected for Cannes Short Film Festival
- 25.04.2024 [14:10]
Atalanta beats 10-man Fiorentina 4-1 to reach Italian Cup final vs. Juventus
- 25.04.2024 [13:14]
Iraqi President invited to COP29
- 25.04.2024 [12:45]
Oil prices surge in global markets
- 25.04.2024 [12:11]
Azerbaijan, Algeria discuss energy cooperation
- 25.04.2024 [11:56]
Kyrgyz Cinema Days open in Baku
- 25.04.2024 [11:27]
Azerbaijani Army conducts command-staff exercises
- 25.04.2024 [10:53]
Azerbaijani oil sells for $89.49
- 25.04.2024 [10:21]
COP29 Presidency opens application process for national pavilions
- 25.04.2024 [10:14]
® Bakcell is inviting the entire country to the concert at Boulevard
- 24.04.2024 [20:28]
® Birbank Business’s special “Welcome” campaign for new customers
- 24.04.2024 [20:23]
Kyrgyz President Sadyr Zhaparov pays tribute to Azerbaijani martyrs
- 24.04.2024 [19:06]
Kyrgyz President Sadyr Zhaparov pays respect to Great Leader Heydar Aliyev
- 24.04.2024 [18:55]
US Congress members informed about Azerbaijan-Armenia peace process
- 24.04.2024 [18:31]
Azerbaijan-Hungary Energy Working Group convenes fourth meeting
- 24.04.2024 [18:11]
AZERTAC hosts meeting with Uzbek journalists VIDEO
- 24.04.2024 [17:24]
Court investigates business corruption accusation against wife of Spanish PM
- 24.04.2024 [16:57]
Hungarian foreign minister to visit Azerbaijan
- 24.04.2024 [16:42]
Türkiye rejects ‘one-sided’ statements on 1915 events
- 24.04.2024 [16:22]
Azerbaijani rowers aim for 'medal rush' in Hungarian tournaments
- 24.04.2024 [16:11]
Azerbaijani tennis player grabs bronze at WTT Youth Contender Spa 2024
- 24.04.2024 [15:47]
Azerbaijan and Kyrgyzstan signed documents VIDEO
- 24.04.2024 [15:34]
Azerbaijan’s Naval Forces and MES hold Wave-2024 joint tactical exercise
- 24.04.2024 [14:04]
President of Azerbaijan invited his Kyrgyz counterpart to COP29
- 24.04.2024 [13:55]
Over 30 international experts convene for conference in Azerbaijan’s Lachin
- 24.04.2024 [13:50]
Azerbaijani ambassador presents his credentials to President of Gambia
- 24.04.2024 [12:57]
BHOS hosts opening of International Scientific Conferences
- 24.04.2024 [12:49]
® Nar presents new books to a school in Fuzuli
- 24.04.2024 [12:38]
Presidents of Azerbaijan and Kyrgyzstan held meeting in limited format VIDEO
- 24.04.2024 [12:30]
Oil prices go up in global markets
- 24.04.2024 [11:49]
Chairman of Presidency of Bosnia and Herzegovina invited to COP29
- 24.04.2024 [11:46]
President of Kyrgyzstan Sadyr Zhaparov arrives in Azerbaijan for state visit
- 24.04.2024 [11:30]