Azernews.Az

By Nigar Orujova

Azerbaijan’s President Ilham Aliyev attended the opening of a large-size transformer plant of ATEF Group of Companies and laid a foundation stone for a high-voltage equipment plant in the Surakhani district of Baku on January 11.

Economy and Industry Minister Shahin Mustafayev informed the head of state about the establishment and activities of the plant.

Head of ATEF Group of Companies Talib Alikhanbayov briefed the president on the company’s Baku oil transformer plant in Amirjan settlement, a transformer and electrical equipment plant in Garachukhur settlement and a metalware plant in Hovsan settlement.

The company also has a design and engineering bureau, three construction offices, as well as departments of transport and mechanization. The transformer plant of the company has been operating since 2005, while a metalware plant woks since 2011.

President Aliyev was also informed about the company’s activities in both Azerbaijan and abroad, export opportunities and prospects.

ATEF Group of Companies was established based on the Baku plant of dry-type transformers under the order of national leader Heydar Aliyev signed in 1998.

The large-size transformer plant, which occupies a total area of 15.6 hectares, consists of three blocks and five production areas. The facility employs 300 peoples.

The products manufactured by the company are exported to Canada, South African Republic, Iraq, Bahrain, Bulgaria, Russia, Ukraine, Moldova, Kazakhstan, Turkmenistan, Uzbekistan, Georgia and other countries.

The newly established high-voltage equipment plant will cover a total area of 20,000 square meters. Average monthly salary in the plants that employ 2,024 people is 500 manats ($319).

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Nigar Orujova is AzerNews’ staff journalist. Follow her on Twitter: @o_nigar

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