Azerbaijan: Chinese investment for Sumgayit Glass Factory

Industry and Energy Minister Natig Aliyev said the Azeri government will lend USD 6 million to the Azershusha (Azeri Glass) Enterprise created by Azerbaijan“s Khazar JSC and Shian Fi from China. The …

Industry and Energy Minister Natig Aliyev said the Azeri government will lend USD 6 million to the Azershusha (Azeri Glass) Enterprise created by Azerbaijan“s Khazar JSC and Shian Fi from China. The Chinese party will invest the same amount in the enterprise. The project will lead to the creation of a new glass plant at the existing Sumgayit Glass Plant and the modernization of quarries in Azerbaijan regions over a 12-month term.