Azerbaijan President Ilham Aliyev attended the opening on November 7 of a metal products plant operated by ASMC LLC in Aghdam Industrial Park.
Shirin Jamally, founder of Almet Holding, briefed the president on the plant’s operations. Almet Holding is ASMC’s principal founder. The company was registered as a resident of Aghdam Industrial Park in 2024.
The project is worth 24.9 million manats and is being implemented in two phases. The first phase costs 8.8 million manats, while 16.1 million manats in investment is planned for the second. The first phase was financed with private funds and a bank loan of nearly 4.7 million manats subsidised by the Azerbaijan Business Development Fund. As a park resident, the plant received exemptions from VAT and customs duties worth 470,000 manats.
The plant covers about 1.7 hectares and will produce steel mesh, barbed, drawn, annealed and galvanised wire, as well as nails. In the first phase, annual capacity is set at 4,920 tonnes of steel mesh, 3,480 tonnes of drawn wire, 3,180 tonnes of nails, 1,800 tonnes of annealed wire, 12,000 tonnes of wire and 1,080 tonnes of cold-deformed rebar. The second phase is planned to produce 10,000 tonnes of galvanised wire and 8,240 tonnes of high-carbon drawn wire annually.
Steel mesh, wire and nails are widely used in construction and reconstruction work in the liberated territories. Producing these materials in the region will enable construction projects to source supplies locally and reduce transport costs.
Equipment from leading companies in Italy, Germany, Turkey and China has been installed at the plant. The products are intended for both domestic sales and export.
The plant currently employs 26 people. Once it reaches full capacity, the number of permanent jobs is expected to rise to 100.
