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25.05.2011 16:37

PLASTEX CASPIAN 2011: The Development of the plastics industry in Azerbaijan has excellent prospects

Today at Baku Expo Centre the 1st Caspian International Plastics and Rubber Exhibition Plastex Caspian, part of the global Plastex Company, began. The event is organized by Iteca Caspian LLC and ITE Group Plc. This debut exhibition is attended by 20 companies, including leaders in the polymers market, equipment manufacturers for plastic and rubber products and the manufacturers of raw materials and additives.

By gathering the leading manufacturers from Azerbaijan, Austria, Germany and Turkey, Plastex Caspian provides an ideal opportunity to develop new markets and new partnerships, offering a parallel review of the global plastics industry and the latest trends in its development.

The exhibition started with an official opening ceremony, attended by the Chief of Staff of the Ministry of Industry and Energy, Mr Rasim Mammadov, Extraordinary and Plenipotentiary Ambassador of Austria to Azerbaijan, Mrs Sylvia Meier Kajbic, Leader of the National Confederation of Entrepreneurs, Mr Farhad Osmanov, and, on behalf of the organizers of the exhibition, Mr Farid Mamedov and Mr Ludger Muller.

In his speech at the opening ceremony, the director of the Plastex exhibition, Mr Ludger Muller, welcomed the guests and exhibitors and noted the importance of the Baku exhibition, which will provide opportunities to explore the latest technologies, developments and business proposals, not only in the food industry, but in plastics manufacturing too.

Mrs Sylvia Meier Kajbic highlighted the excellent opportunity that the show offered for the companies attending to show interest in partnerships. In her view, the exhibition will promote the further development of international business relationships, especially with Austria which has a large stand at the show, which indicates good prospects for future large-scale partnerships.

Speakers pointed out that the importance of the exhibition could affect the development of the plastics industry in Azerbaijan. All the prerequisites are there: the availability of hydrocarbon resources and a large, complex, multidirectional, chemical facility and a research and production base are the perfect backdrop for such an expansion. After all, the country's public policies are aimed at increasing the non-oil sector of the economy. There are prospects for development in the food industry, construction and other fields, whose production involves the use of plastic packaging, which clearly shows the importance of this exhibition. The introduction of such production to the local development of new technologies will give additional impetus to the industry, helping to revive the country's chemical industry.

The opening ceremony was followed by a VIP tour. The exhibitors include manufacturers of finished plastic and rubber products, from construction to furniture and household appliances. Local manufacturers are represented as are such major enterprises as METAK, Sumgait Technology Park and others.

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