New gypsum plant opens in Baku, Azerbaijan

The Matanat-A company has opened a new gypsum plant, Yeni Agdag, with a capacity of 400,000tonnes/year in the Qaradag district of Baku, Azerbaijan. The National Entrepreneurship Support Fund has issued a subsidised loan of AZN 1.50 million (€849,612/US$920,215) for construction of the facility. A half of the output will be exported to Russia, Kazakhstan, Georgia, Turkmenistan, Ukraine, and Iran. The company further plans to build another four plants worth AZN 150 million.
February 4, 2016 Read time: 1 min

The Matanat-A company has opened a new gypsum plant, Yeni Agdag, with a capacity of 400,000tonnes/year in the Qaradag district of Baku, Azerbaijan.

The National Entrepreneurship Support Fund has issued a subsidised loan of AZN 1.50 million (€849,612/US$920,215) for construction of the facility.

A half of the output will be exported to Russia, Kazakhstan, Georgia, Turkmenistan, Ukraine, and Iran.

The company further plans to build another four plants worth AZN 150 million.

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