SCIP resident increased equity capital by 60%


September 24, Fineko/abc.az. Azmonbat LLC, a resident of the Sumgait Chemical Industrial Park (SCIP), has increased its authorized capital by AZN 1.5 million or 60%.

ABC.AZ reports that the company increased its equity capital from AZN 2.5 million up to AZN 4 million.

Azmonbat was established in 2018. The company disposes lead-acid batteries in SCIP, using advanced technologies. As part of the project, as a result of recycling of batteries that have expired, the company obtains polypropylene, polyethylene, lead plates, lead-active mass and ammonium sulfate.