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A contract was signed between Azerbaijan Investment Company and Hell Energy for a beverage can factory in Alat, announced at the 10th Azerbaijan-Hungary Intergovernmental Commission in Baku.
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.
A joint venture involving Hell Energy and the Azerbaijan Investment Company plans an aluminum beverage can production and filling plant in the Alat Free Economic Zone. Design work is being finalized and construction is expected to start soon, with 280 permanent jobs anticipated.
Azerbaijan Investment Holding and Hungarian company Hell Energy signed an agreement to construct a plant producing aluminium beverage cans in the Alat free economic zone. The cans will be exported regionally and used for bottling on the domestic market.
