Minister of Economy and Industry Shahin Mustafayev told the head of state that the total cost of the facility was 17.6 million manats. The National Fund for Entrepreneurship Support allocated a 500,000 AZN preferential loan for the creation of the facility.
President Ilham Aliyev launched the plant, which has seven production areas. The plant is the largest facility of its kind in the Eastern Europe in terms of the number and size of its equipment.
The plant will produce 10,000-12,000 metres of concrete pipes and 500,000 square metres of concrete surface per month.
The facility created nearly 200 jobs. There is also an office building, production control center, and a 150-seat canteen.
The head of state reviewed the plant, and wished its staff success.
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