Bank Of Baku

Azerbaijan to be number 4 iodine marker in the world within two years

Azerbaijan to be number 4 iodine marker in the world within two years
# 03 September 2008 13:22 (UTC +04:00)
He added that Azerbaijan will be the number 4 iodine maker in the world after the plant moves to its design capacity.
“The first part of Neftchala-based iodine plant at an annual capacity of 500 tons was put into operation in May, 2007. The capacity of the first part is 150 tons annually. $12.7 million has been invested in the $25 million plant up to date. Almost most of iodine output is exported and only little is used for manufacturing iodized medications in the country. Countries with developed atomic industry buy iodine from Azerbaijan,” he added.
Azeryod LLC is funded by ISR Holding and Nikoil Bank. Esgar Farm is a subsidiary of ISR Holding.
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