AzerFloat has concluded with German company Horn Glass an agreement for the construction of a glass sheet manufacturing site in the Sumgait Chemical Industrial Park, Baku (SKSP/SCIP).

The Ministry of Economy of Azerbaijan (MOE) said the €89 million factory will manufacture 8 million m2 of sheet glass a year.

"The enterprise will be commissioned before the end of 2018," the MoE said in a statement.

The AzerFloat factory will meet domestic demand and export under the brand name Made in Azerbaijan and employ 125 people.