The mutual investment projects were discussed between Azerbaijan Industrial Corporation and Achenbach Buschhütten

On March, 13th 2020, a meeting was held between Azerbaijan Industrial Corporation OJSC and the German company – Achenbach Buschhütten GMBH, where mutual investment projects in the aluminium sector were discussed.

The business meeting was held between the Director of Azerbaijan Industrial Corporation OJSC – Mr. Kamran Nabizade and the Executive Director of Achenbach Buschhütten GmbH – Mr. Rolf Wilbers.

The members of the Strategic Development and Commerce Department of the Corporation and the management of “Azeraluminium” LLC also participated in the meeting.

During the meeting, proposals for increasing the productive capacity of Azeraluminium LLC were put forward, for this purpose proposals were made for the necessary equipment, implementation the German “know-how”, together with engineering solutions.

The representatives of Achenbach Buschhütten emphasized that the companies’ specialists have made the necessary inspections of Azeraluminium LLC’s jobsite, examined the current situation and identified the necessary solutions for increasing the production capacity of the equipment. In addition, discussions for preparation of the feasibility study took place in order to evaluate the economic benefits of the project.

Also, during the meeting establishing of a new hot metal rolling plant and the prospects of the investments were discussed.