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.
