ECONOMY
STABLE PRODUCTION OF PRIMARY ALUMINUM ESTABLISHED IN SUMGAYIT
17853,73 tons of the primary aluminum out of 18611,58 tons produced by The Sumgayit division the Stock Company “Azeraluminum” in 2003, have been exported. Production of aluminum was resumed in Azerbaijan in 2003 by the “Fondel Metal” of Holland, to whom the 25-year management of three plants had been transferred in 2001, and who assumed the obligation to invest 81 billion manats in them.
After the reconstruction, the Sumgayit plant produces 29 thousand tons of aluminum per year. The “Fondel Metal” intends to continue the reconstruction of the plant to reach annual output of 75 thousand tons. Increase in output is expected to come to 50 million dollars.
The output is marked as high quality and exported to Turkey, Iran, UAE, India, Russia and other countries.
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