“Azəripək” has increased its export revenues more than 21-fold.

During the January-March period of this year, “Azəripək” LLC, a subsidiary of “Azerbaijan Industrial Corporation” JSC, exported products worth 603 thousand USD.
According to Report, this was reported in the April issue of the Export Review by the Center for Analysis of Economic Reforms and Communications.
It is noted that this is 575 thousand USD or 21.5 times higher compared to the same period last year.
For reference, in January-March 2020, “Azəripək” LLC exported products worth 28 thousand USD.
Recall that “Azəripək” was established in 2018. The company’s production facilities include a raw silk extraction plant from cocoons, weaving production, dyeing and decoration workshop, cotton spinning production, and twisting unit. Non-production areas consist of the administration building, mechanical, energy, automotive, and raw material departments.
The cotton spinning production unit, operating in three shifts, has an annual capacity of 3,000 tons of slivers; the raw silk extraction unit, operating in a single shift, has an annual capacity of 500 tons of raw silk from cocoons; the weaving unit, operating in a single shift, produces 50,000 meters of silk fabric and 40,000 meters of cotton fabric annually; the dyeing and decoration unit, in a single shift, produces 10,000 kerchiefs and 5,000 scarves manually per year.
The products of the enterprise are mainly exported to Russia, Turkey, and Iran.
Report