BAKU, Azerbaijan, April 8
By Matanat Nasibova – Trend:
Technol LLC, the largest Azerbaijani company engaged in production of engine and industrial oils, plans to significantly increase production volumes in 2020, Director of the company’s marketing department Mukhtar Mukhtarov told Trend.
According to the department’s director, currently the largest exports account for Russia.
“The company plans to significantly expand the geography of exports of industrial products to neighboring countries, and negotiations with partners in Arabian countries are underway. Currently, export of products is suspended due to the situation in the world amid the spread of coronavirus. But we intend to resume deliveries after the situation stabilizes. We already have export experience with partners in Iraq and Syria, so we are going to resume negotiations with potential customers abroad in the second half of 2020. Currently, almost 70 percent of our products are exported,” Mukhtarov said.
He also noted that the daily production volume of the enterprise is 140 tons, and the volume of annual production is 50,000 tons.
At present, 3,000 tons of finished products, 4,000 tons of raw materials, as well as 1,200 tons of auxiliary products are stored at the enterprise’s warehouses
The company currently produces synthetic, semi-synthetic and mineral motor oils, as well as ATF 2 D, ATF 3 D, and ATF 4 oils, which are intended for automatic transmission.
Technol is currently the first and largest enterprise in the South Caucasus region, engaged in the production of engine and industrial oils of various modifications.
Technol LLC is located in Sumgayit city, and it employs over 100 people.
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