STP creates a new company - a contract signed with a Turkish company

11.02.2021,14:48


February 11, Fineko/abc.az. Sumgait Technology Park (STP) and Assan Panel Sanayı ve Ticaret A. Ş. (Assan Panel), part of the largest Turkish industrial group Kibar Holding, signed a contract to establish a joint venture for the production of sandwich panels and related products.

ABC.AZ was informed at STP that  the new enterprise to operate under name ASSAN-STP PANEL will be established on the basis of the STP Sandwich Panel Factory.

The JV is aimed at sales to Georgia, the southern region of Russia and the countries of Central Asia by modernizing domestic production that meets international standards, at the expense of new investments.