February 18, 2021

Sumgayit Technological Park (STP) will jointly produce sandwich panels and accessories for them with Assan Panel, part of the Kibar Holding group of companies (Turkey). The STP sandwich panel plant has been operating since 2014. Equipment made in Germany, Turkey, South Korea and China is installed here. The enterprise produces sandwich panels (polyurethane, mineral wool), aluminum composite panels (ordinary, fireproof), metal roofs, tiles, suspended ceilings, etc. Joint production with Assan Panel assumes the release of products under the Turkish brand. The preliminary volume of production is estimated at 2 million square meters of products per year. The parties do not disclose the details of the agreement, including: the volume of investments, shareholding in the new company, etc. As a reminder, in 2020 STP was transformed into a holding form of management. Several independent companies have been created and a joint venture with SOCAR. STP is a resident of Sumgayit Chemical Industrial Park and is taxed under a preferential system


Source: Turan News Agency


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