# Hell Energy to build $211M aluminum beverage can factory in Azerbaijan's Alat zone

Hell Energy of Hungary will open a factory in the Alat Free Economic Zone, Azerbaijan, next year with annual capacity of 700 million aluminum beverage cans, under a contract with Azerbaijan Investment Company. The investment is $211 million and more than 300 jobs are planned.

- Type: New facility
- Announced: 2024-04-25
- Where: Alat Free Economic Zone, Azerbaijan
- Value: $211.0M
- Jobs: 300
- Status: announced
- Capacity: 700 million aluminum beverage cans per year
- Products: aluminum beverage cans
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [HELL Energy](https://endata.com/companies/6776.md)
- [Azerbaijan Investment Holding](https://endata.com/companies/10795.md) (investor)

## Sources

- [azernews.az](https://www.azernews.az/business/225140.html), 2024-04-25: "a new factory with an annual production capacity of 700 million aluminum beverage cans will be put into use next year in the territory of the Alat Free Economic Zone"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.