ERJ staff report (DS)
Baku, Azerbaijan - Azerbaijan's government is planning to sell almost 99 percent of the shares of JSC Mingecevir Texniki Rezin (the Migachevir Technical Rubber Plant). The plant is located in Mingachevir city (half way between Baku and Yerevan) and produces and sells products made from technical rubber.
The enterprise has debts of AZN 1.03 million (euro 1.07 million), including AZN 54,886 of debts on wages and AZN 978,499 of debts on goods, works, and services. The enterprise was owed for AZN 1.28 million. The plant has operated since 1971 with 43 employees.
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Press release from Azeri government