Azernews.Az

By Kamila Aliyeva

Five more enterprises will start operating in Azerbaijan’s Balakhani Industrial Park this year, Chairman of the Board of Tamiz Shahar JSC Etibar Abbasov said at a press conference in Baku on March 13.

These enterprises will process polyethylene, cooking oil and waste, plastic, paper, as well as produce activated carbon and electrical tapes, he noted.

“To date, five enterprises are already operating in the industrial park,” Abbasov said, adding that “thus, the total number of operating residents of the industrial park will be 10.”

The creation of favorable conditions for further development of industrial production, provision of support to entrepreneurs and increasing employment of population in the sphere are considered to be main objectives of the establishment of industrial parks.

Presently, there are five such parks (the Sumgait Chemical Industrial Park, industrial parks in Garadagh, Balakhany, Mingachevir and Pirallakhi settlements), as well as Neftchala, Hajigabul and Masalli industrial zones, in Azerbaijan.

The Balakhani Park was created by the decree of President Ilham Aliyev dated December 28, 2011. The opening of the park was held in Baku on September 22, 2017. The managing organization of the Balakhany Industrial Park is Tamiz Shahar Open Stock Company, which is under subordination of the Ministry of Economy of the Republic of Azerbaijan. The total area of the Balakhani Industrial Park is 7 hectares.

Currently, five residents engaged in recycling of used motor oil, waste plastic bottles, paper and cardboard products, waste plastic materials, sponge waste operate on the territory of the park.

In total, 10 residents, including Ekokat, Az.Ekol, METAK, Foriella, Bioropean, Altura Group, Alphapack Azerbaijan, Carboza, as well as individual entrepreneurs Etibar Eminov and Tarlan Azimov, are registered here.

---

Kamila Aliyeva is AzerNews’ staff journalist, follow her on Twitter: @Kami_Aliyeva

Follow us on Twitter @AzerNewsAz