Azerbaijan laid the foundation stone on Saturday for a new production facility under its “Textile Cluster” project, as President Ilham Aliyev joined an online ceremony at the Baku Congress Centre to mark the start of construction at the Mingachevir Industrial Park.
Aliyev pressed the ceremonial button alongside Nasib Islamzade, chairman of Azersheker LLC, and Muzaffar Razakov, chairman of Global Textile Group, formally launching the plant to be built by Textile Horizon LLC, a company granted resident status in the industrial park last year.
Textile Horizon is jointly owned by Azersheker LLC, Global Textile LLC and the Azerbaijan-Uzbekistan Investment Fund. The project is designed to cover the entire textile production chain, from cotton cultivation to the manufacture of lint, yarn, fabric and finished garments, company officials said.
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Spanning 11.2 hectares, the facility is expected to yield 16,000 tons of cotton lint, 11,000 tons of yarn, 7,300 tons of dyed fabric and 11 million shirts a year once operational, for both domestic sale and export. As a park resident, the venture qualifies for tax and customs incentives.
The ceremony coincided with the online inauguration of the Minkand Small Hydropower Plant in the Lachin district, part of a broader $31.2 million programme to restore and build small hydropower stations in Azerbaijan’s Kalbajar and Lachin districts. Aliyev also took part in that launch alongside Yildirim Demiroren, president of Turkey’s Demiroren Holding, a partner in the venture.
The Minkand plant, built with Austrian and Italian technology, has an installed capacity of 3.2 megawatts and is expected to generate 11.8 million kilowatt-hours annually; four more stations in the same programme are due online by year-end, lifting total capacity to 12.9 megawatts.
The dual launches underscore Baku’s push to expand non-oil manufacturing and renewable energy capacity in its liberated territories as it courts foreign investment in textiles and green infrastructure.