The foundation of the ceramic tiles production institution of the “Azerbaijan Vanhong Ceramics Co” LLC was laid, Fan Jian Shan, APA reports.
Founder of the institution Fan Jian Shan gave information to President Ilham Aliyev about the project.
Founder of the institution Fan Jian Shan said: "Our company was created in 1992, and currently we have 5 factories in China and 5 countries around the world.The total investment value of our enterprises is 300 million US dollars. The number of employees working in our factories is 4 thousand people. The total annual production capacity of our factories is 80 million square meters and the total annual revenue is 400 million US dollars".
President Ilham Aliyev: "Very Good. I saw that you have established enterprises in only 4 countries outside of China. Azerbaijan is the fifth country. As you said, this shows that the investment climate in Azerbaijan is very good. 400 people will work here and receive good salaries. The volume of investments is quite large - about AZN 70 mln. But this is still the first stage. I am sure that you will expand your activities in other areas after that as well".
The head of our state laid the foundation of the enterprise.