TODAY.AZ / Business

Azerbaijan to produce pesticides locally

15 June 2016 [12:09] - TODAY.AZ

/By Azernews/

By Rashid Shirinov

Agrokimya Azerbaijan LLC received a status of the 8th resident of Sumgait Chemical-Industrial Park. The certificate was presented to representatives of the company on June 14 during the "Investment promotion in Azerbaijan: new approaches and priorities" conference, Trendreported. Thanks to this, in the near future Azerbaijan will be able to provide foreign countries with its own pesticide supplies.

Rashad Kerimov, Director of Agrokimya noted that the company will produce pesticides in the territory of the Sumgait Chemical-Industrial Park.

He noted that pesticides have always been imported to Azerbaijan, and Agrokimya will be the first local producer of pesticides.

“We plan to produce around 9,000 tons of pesticides, and we will use Turkish and German experience in that field,” Kerimov said.

He claimed that the construction of plant and start of production will allow Azerbaijan not only to completely refuse the import of pesticides to the country, but also to become an exporter to the regional and global markets.

“Azerbaijan annually imports 1,500-2,000 tons of pesticides, but given the production capacity of our factory, we will not only fully cover the needs of the domestic market but also export our products, primarily to neighboring countries,” Kerimov said.

He also noted that the company is going to launch the production of another chemical agent in the future.

The Sumgait Chemical-Industrial Park established in 2011 covers an area of 167.66 hectares and resides nearby Sumgayit city that is 32.5 km away from Baku. The Park is able to accommodate 35-40 companies, which provides the opening of 10,000 new jobs.

The appropriate external and internal infrastructure (electricity, heating, water supply, communication and other systems) with offices, training centers, laboratory, etc. was established within the Park to enable profitable activity and development of entrepreneurs, produce competitive products and render services through the application of modern technologies.

To make the Park more attractive for investors its residents have been exempt from paying income, land and property taxes for seven years. Moreover, equipment and technology used in the park are also exempt from value-added tax.

Currently, the Sumgayit Chemical-Industrial Park includes eight residents: Azertexnolayn, SOCAR Polymer, Azerfloat, Azerbaijan Fibro Cement, SIKA company, and Baku Non-Ferrous Metals & Ferroalloys Company, MST Engineering and Agrokimya LLC.

URL: http://www.today.az/news/business/151760.html

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