Malted Barley Processing Mill In Azerbaijan's Imishli Meets Production Requirements
Date
8/10/2023 7:49:01 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, August 10. The
malted barley processing plant project, jointly financed by
Azerbaijan investment Company, Azersheker LLC, and Azersun
Agricultural Products LLC, to be implemented in the Imishli
district, stands as a significant initiative fostering the growth
of the non-oil sector, Minister of Economy of Azerbaijan Mikayil
Jabbarov wrote on his page on X (Twitter), trend reports.
The minister noted that this enterprise will
comprehensively meet the raw material demands of domestic
manufacturers in this area.
According to Jabbarov, "ongoing state support measures, designed
to stimulate the production of competitive non-oil goods, improve
the raw material foundation, establish new production domains to
replace imports, and broaden export capacities, continue to play a
vital role in advancing these endeavors."
Malting barley will first be processed at the factory in batches
of 11,000 tons and 17,000 tons, respectively.
The investment cost of the project is 25 million manat
($14.7 million), and 50 people will be provided with permanent work
at the enterprise.
The plant's operations will eliminate the need to
import these goods, halting the outflow of more than $10 million
from the nation. More than 510 tons of feed additives will also be
produced at the factory.
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