Bank Of Baku

Russia’s Permmetal subsidiary plans to open office and storehouse in Baku

Russia’s Permmetal subsidiary plans to open office and storehouse in Baku
# 10 September 2008 15:27 (UTC +04:00)
Baku. Vugar Mustafayev - APA-Economics. BakuMetal, a subsidiary of Russia’s Permmetal, plans to open a storehouse and a sales office in Baku on September 15.
The storehouse’s capacity will be 6 500 tons.
In June, Intigam Gurbanov, Deputy Director of AzerMetal, was appointed head of BakuMetal.
It is planned to increase BakuMetal’s turnover to $2 million within two years.
The company intends to get a 35% market share in Azerbaijan.
Its major customers are petrochemical companies, including Azerneftkimyamash Company that is comprised of 14 industrial enterprises and 4 scientific research institutes.
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