Iran-Azer­bai­jan JV Cars Wel­comed

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BAKU (Dis­patches) - Azer­bai­jan’s Az­er­mash and Iran’s Iran Kho­dro com­pa­nies are dis­cussing the pos­si­bil­ity of sup­ply­ing the cars to be pro­duced by the Azer­bai­jani-Ira­nian au­to­mo­bile plant to Ukraine, Russia and Cen­tral Asia, Emin Akhun­dov, founder of Az­er­mash com­pany, told Trend.

Iran Kho­dro and Azer­bai­jan’s AzEuroCar LLC (a sub­sidiary of Az­er­mash) signed an agree­ment on the es­tab­lish­ment of a joint au­to­mo­bile plant in the Neftchala in­dus­trial park in 2016. The to­tal cost of the project is es­ti­mated at $15 mil­lion.

“We have al­ready re­ceived Ukraine’s pro­posal about the sup­ply of our cars to this coun­try,” he said. “We are also ne­go­ti­at­ing with the com­pa­nies from the North Cau­ca­sus (Russia), Ta­jik­istan and Turk­menistan.”

“In gen­eral, Az­er­mash and Iran Kho­dro com­pa­nies have big plans for the sup­ply of cars, pro­duced in Azer­bai­jan, to other coun­tries,” Akhun­dov added.

“We are able to cre­ate ex­port-ori­ented prod­ucts thanks to the suc­cess­ful pol­icy of the Azer­bai­jani govern­ment,” he said, adding that it will al­low Azer­bai­jan to be­come a hub for sup­ply­ing Ira­nian cars to other coun­tries. Akhun­dov said that cur­rently a joint ven­ture which will man­age the plant is be­ing reg­is­tered. “In the joint plant, 75 per­cent will be­long to Az­er­mash, while 25 per­cent to Iran Kho­dro,” he said. “The Ira­nian side will deal with the sup­ply of equip­ment nec­es­sary for the plant to Azer­bai­jan, while the Azer­bai­jani side will fi­nance the con­struc­tion of the plant. This is a big project and the con­struc­tion of the plant is un­der com­ple­tion now.”

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