In Baku on July 10, the state-owned "Azerbaijan Investment Company" (AIC) and "Hell Energy" (Hungary) signed an agreement on joint participation in the construction of a plant for the production of aluminum cans for beverages on the territory of the Alat Free Economic Zone. The document with an investment value of US$ 211 million was signed by AIC executive director Ulvi Mansurov and |Hell Energy" executive director Barbaros Chereklier. The production capacity of the enterprise will be 700 million cans for drinks per year. At the initial stage, 415 million cans will be produced. It is planned to create over 300 jobs within the framework of the project. Recall that in March this year, the parties signed an agreement on cooperation on this project. Then it was also announced that lines for filling cans with energy drinks would be installed at the same enterprise. It is not yet known about the equity participation of the parties in the investments

Source: Turan News Agency