TODAY.AZ / Business

Sumgait Superphosphate Plant to be privatized till end of year

15 February 2006 [09:30] - TODAY.AZ
According to the state investment programme, the Superphosphate Plant situated in Sumgait will be privatized till the end of the year.

As APA was told by the head of the Sumgait city Executive Power Vagif Aliyev, a commission on privatization works in the Plant at present. After privatization the Plant will continue producing nitrogen and phosphate fertilizers.

"The annual demand of the republic to nitrogen fertilizer is 250 thousand tons at present. The Superphosphate Plant is capable to produce more than required volume. Minimum production of the Plant will not be less than 250 thousand tons," V.Aliyev said.

V.Aliyev also added that the Superphosphate Plant works in cooperation with other establishments of chemical industry in Sumgait and purchases some part of raw material from abroad.

URL: http://www.today.az/news/business/23289.html

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