Authorized capital of Sumgait Technological Park increased

17:05 - 27.03.2023

March 27, Fineko/ The authorized capital of Sumgait Technological Park LLC, a resident of Sumgait Chemical Industrial Park, has been increased.
ABC.AZ reports that STP’s authorized capital has been increased by 12,350,000 manats, by 5.5%, to 238,220,346 manats.
STP is one of the largest industrial production centers in the region by area. STP products are of high quality in the markets of Russia, Georgia, Kazakhstan, Kyrgyzstan, Turkmenistan and Turkey and are sold under the brand Made in Azerbaijan.
Currently, STP has 12 plants on an area of 250 hectares, more than 30 production areas and employs about 2,000 employees.