A project to produce polystyrene food packaging trays of various sizes will be implemented by a new resident of Sumgayit Chemical Industrial Park.
Report was informed by the Economic Zones Development Agency under the Economy Ministry of Azerbaijan.
According to the agency, MET-AK LLC has been granted resident status in Sumgayit Industrial Park, which is managed by the agency.
The investment value of the project is 16.3 million manats ($9.59 million).
So far, resident status has been granted to 39 business entities with a total investment volume of more than 6.7 billion manats ($3.94 billion) in Sumgayit Industrial Park. Residents have invested more than 5.6 billion manats ($3.29 billion).