Bank Of Baku

Steel Works and Reduction Plant to be built in Ganja

Steel Works and Reduction Plant to be built in Ganja
# 19 March 2007 10:07 (UTC +04:00)
The UK’s Detal Ltd. has started construction of Reduction Plant and Steel Works in Ganja, Azerbaijan.
Ganja Executive Committee Deputy Chair Ilham Aliyev told APA Bureau that Detal Ltd. won the investment competition for privatization of Dashkesen Filizsaflashdirma and will invest $253.1m in the company within three years. The UK Company will also reconstruct Dashkesen Concentration Plant and Ore Refining Plant.
The enterprise will operate at an annual capacity of 700,000 tons of steel from 2008 and employ some 2,000 people. /APA-Economics/
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THE OPERATION IS BEING PERFORMED