Azerbaijan, Uzbekistan Elaborating Project On Aluminum Radiators Production
Date
8/31/2024 7:18:39 PM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, September 1. Azerbaijan and
Uzbekistan are developing a project on the production of aluminum
radiators, an informed source told Trend .
According to the information, the project is planned to be
implemented in the Free Economic Zone of Alat (Azerbaijan) with the
participation of Uzbek company AKFA Group with an investment volume
of $10 million.
To note, Uzbekistan is a major producer of electrical products,
including transformers, cables, wires, electronics, and household
appliances. Exports of these products exceed $1 billion, with major
markets in the CIS, Eastern Europe, and Southeast Asia.
Azerbaijan also has a developed electrical industry, which
includes the production of transformers (10,000 units), cables
(100,000 km/year), and electronics. The main production facilities
are concentrated in major cities such as Baku and Ganja. Azerbaijan
imported about $500 million worth of electrical products in 2023,
mainly from China, Russia, and Europe.
Furthermore, exports of Uzbek electrical products to Azerbaijan
totaled $33 million in 2023. Out of this amount, $14.1 million was
for household appliances, $17.1 million for cable and copper
products, and $1.1 million for other components.
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