Iran-Azerbaijan JV Cars Welcomed
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.”