10 April 2017, President of the Republic of Azerbaijan Ilham Aliyev has chaired a meeting of the Cabinet of Ministers dedicated to the results of the first quarter of 2017 and future tasks.

In his opening speech, the President mentioned the SOCAR Polymer project:

“I would like to draw entrepreneurs’ attention to a large project, namely, the SOCAR Polymer plant which is currently under construction at the Sumgayit Chemical Industrial Park. It is a huge industrial facility, with millions of US dollars invested into it. It will produce a useful product, which will be used both domestically and for export. However, I must emphasize that a very serious industrial sector can be created on the basis of this raw material. 

Now, we import almost all plastic items and ware from abroad, whereas SOCAR Polymer’s end products will create good opportunities for manufacturing ready plastic ware and items in Azerbaijan. It will be a very profitable business. Therefore, I am addressing government entities so that they explain it well to entrepreneurs that factories and plants can be established for applying SOCAR Polymer’s end product as raw material. 

Such developments imply creation of new jobs, more profit for entrepreneurs and better prices for our export products on foreign markets. Otherwise, SOCAR Polymer’s product will be exported only as raw material, which is good in itself, but I am sure that my advice will be heard and taken into account.”


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