BAKU, Azerbaijan, Nov. 13
By Matanat Nasibova – Trend:
The joint Azerbaijani-Chinese venture Elektrogas LLC, producing combi heating systems, intends to export the products abroad, Director of the company Elnur Jamilli told Trend.
“The Central Asian market is considered as a new sales market,” the director said.
“Presently, we are working on this route,” Jamilli said. “We are exploring the market of the Central Asian countries. We are negotiating with potential partners in this region. First, we plan to export the products to Kazakhstan in the middle of next year.”
“In accordance with our calculations, by the end of this year, the total production will reach 3,000 combi boilers which will create the opportunities for expanding the export volumes,” he said. “At the same time, we intend to increase the capacity of the combi boilers up to 100 kilowatts. Presently, the plant produces combi boilers with capacity from 24 to 52 kilowatts.”
“Currently, the company produces six varieties of combi heating systems, three of which are intended for export under the Made in Azerbaijan brand,” Jamilli said.
“The products of the plant are sold domestically at an affordable price, and the cost of one combi system is 450 manat ($263.6), with a two-year warranty period. Azerbaijani products are cheaper than analogues imported into Azerbaijan, for example, from China. The cost of the cheapest combi system imported from China is 550 manat ($322.2). The Azerbaijani products are designed to be used even at the lowest gas pressure.”
Azerbaijani and Chinese investments in the amount of 2 million manat ($1.1 million) have been spent to establish the plant for the production of combi boilers.
The plant intends to increase the value of investments up to 11 million manat ($6.4 million) in the future.
The company has been operating since April 2019.
The Elektrogas plant is located in Baku’s Zabrat settlement.
($1= 1.7 manat on Nov. 13)
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