«Novus Plastica” LLC has obtained the status of a resident of Sumgayit Chemical Industrial Park (SCIP) and will set up processing of polymer materials in the park, as “Interfax-Azerbaijan” informed the SCIP LLC, the operator of the park.

«Using the advanced technologies Novus Plastica will build on the territory of the industrial park an enterprise for the production of black and blue carbon concentrate for polyethylene pipes and the production of polymer composite materials. The German and Japanese technologies will be implemented in production. The investments in the project will make up 11 million AZN (about 6.5 million USD at the current exchange rate). After putting the plant into operation more than 100 permanent workplaces will be provided», — noted in the park. It is expected that the manufactured products will be supplied to both domestic and foreign markets under the brand «Made in Azerbaijan».
“Novus Plastica» LLC became the 24th resident of SCIP.

SCIP was created for the formation in Azerbaijan of favorable conditions for the development of competitive industrial production on the basis of innovative and high technologies, to support entrepreneurship in this area, to ensure the sustainable development of the non-oil sector and increase employment in the manufacturing sector. In the territory of the industrial park are being created the enterprises operating for the production of competitive products (works, services), the processing enterprises in petrochemical and other priority industries.

In general, the residents of the park should invest more than 3.1 bln USD in projects. At the moment they have invested 2.9 bln USD, another 245 mln USD will be invested at the next stage. The residents of the park have already manufactured 1.9 bln AZN worth products, about 32% of which were exported.