BAKU, Azerbaijan, Feb. 24
By Matanat Nasibova - Trend:
Azerbaijani manufacturer of industrial products, TITAN GROUP Industrial Companies Association, will significantly expand the range of products, a source in the company told Trend.
According to the source, it is about varieties of sandwich panels, refrigeration equipment and ovens intended for use in the baking industry.
“Production will be expanded in order to increase the company’s export potential. It is planned to develop new types of hearth ovens used in the baking industry, including two and three-tier ones, new types of refrigeration devices, as well as new models of sandwich panels. At the moment, work has begun on the development of new color schemes for sandwich panels,” the source added.
“The company increased the production of sandwich panels to 30 percent compared to 2018: At the same time, the production volume of these products in 2019 amounted to more than 250,000 square meters. All products were fully sold in the domestic market. In 2020, it is planned to bring this figure to 300,000-350,000 square meters,” the company said.
The company added that in the coming months, it is planned to begin developing new types of rotary kilns used in baking, adding that the cost of this type of equipment varies in the domestic market, starting from 10,000 manat ($5,882).
TITAN GROUP was established in 2002. The company specializes in the production of a new type of sandwich panels with polyisocyanurate foam (PIR), refrigeration equipment for commercial and industrial use, as well as equipment for catering enterprises.
The company’s branches are located in the settlement of Bulbula in Baku’s Surakhani district and in the settlement of Bina.
(1 USD = 1.7 AZN on Feb. 24)
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