Sumgait Chemical Industrial Park LLC
“Sumgayit Chemical Industrial Park” LLC () is a managing organization of Sumgayit Chemical, Mingachevir, Garadagh and Pirallahi Industrial Parks operating in Azerbaijan. History. Sumgayit Chemical Industrial Park LLC, operating under the Ministry of Economy, was established by the Decree No.548 dated December 21, 2011 of the President of Azerbaijan Ilham Aliyev on December 21, 2011, registered on May 11, 2012. Directions of Activities. Activity of Sumgayit Chemical Industrial Park LLC. Sumgait Chemical Industrial Park Limited Liability Company is a managing organization of 4 out of 5 industrial parks in Azerbaijan. 1) Sumgait Chemical Industrial Park 2 ) Mingachevir Industrial Park 3) Garadagh Industrial Park 4) Pirallahi Industrial Park Industrial parks. Industrial parks are an area that has the necessary infrastructure and management structures for entrepreneurial activity, which is used for the production and service of a competitive product through the use of modern technology, which facilitates the efficient operation and development of entrepreneurs. Sumgait Chemical Industrial Park. Sumgayit Chemical Industrial Park was established by the Decree of the President of Azerbaijan Ilham Aliyev on December 21, 2011. The Sumgayit Chemical Industrial Park located in Sumgayit city with a huge infrastructure, has an area of 508.14 hectares. Enterprises  producing and processing competitive products (works, services) in the petrochemical and other priority industries are established on the territory of the industrial park. Enterprises producing and processing competitive products (works, services) in petrochemical and other priority industries are established on the territory of industrial park. At present there are 24 residents in industrial park: On October 3, 2013, the groundbreaking ceremony of the Sumgayit Chemical Industrial Park was held with the participation of the Head of State. On October 25, 2015, the opening ceremony of the technical equipment plant of Azertechnolin LLC and the foundation-laying ceremony of High Density  Polyethylene (HDPE) plant of SOCAR Polymer LLC took place in Sumgait Chemical Industrial Park. on December 15, 2017, the foundation-laying ceremonies of 3 enterprises and openings of 4 enterprises took place in Sumgayit Chemical Industrial Park. On July 18, 2018, the polypropylene (PP) production plant was opened at SOCAR Polymer LLC, the resident of Sumgait Chemical Industrial Park. On November 16, 2018, ferroalloy plant, tobacco factory and construction chemicals plant were opened in the Park. On January 16, 2019, carbamide plant, and on February 18, 2019, high-density polyethylene (HDPE) production plant were opened in the Park. On April  6, 2020, a medical masks manufacturing enterprise established by Baku Textile Factory LLC was opened in the Park. Pirallahi Industrial Park. Pirallahi Industrial Park was established under the Decree No.2336 dated September 14, 2016 of the President of the Republic. The territory of Pirallahi Industrial Park is 30 hectares. Pirallahi Industrial Park is an area in which there is the necessary infrastructure and management structures to support entrepreneurial activity and development through the use of modern technologies to produce competitive products and services in industry, including pharmaceuticals, as well as to create processing facilities. There are 4 residents in Pirallahi  Industrial Park: On May 16, 2019, the head of state visited Pirallahi Industrial Park and took part in the opening ceremony of syringes production plant Diamed Co LLC. On December 9, 2019, there was held in industrial park the opening ceremony of Azerbaijan-Russian joint pharmaceutical venture R-Pharm LLC specializing in the production of medicines. Mingachevir Industrial Park. Mingachevir Industrial Park was established under the Decree No.1077 dated February 26, 2015 of the President of the Republic of Azerbaijan. The territory of Mingachevir Industrial Park is 26 hectares. Mingachevir Industrial Park specializes in light industry, textile industry. There is  1 resident in Mingachevir Industrial Park: Mingachevir Textile LLC On September 21, 2016, there was held the foundation-laying ceremony of the Mingachevir Industrial Park. On February 27, 2018, the opening ceremony of two cotton yarn producing enterprises of Mingachevir Textile LLC was held in Mingachevir Industrial Park. Garadagh Industrial Park. Garadagh Industrial Park was established under the Decree No.1255 dated June 3, 2015 of the President of Azerbaijan. The territory of Garadagh Industrial Park, located on the 25th kilometer of the Baku-Astara highway of the Qaradagh district of Baku, is 72 hectares. Garadagh Industrial Park is an area  in which there is the necessary infrastructure and management structures for entrepreneurial activity, which contributes to the efficient work and development of entrepreneurs, used for the organization of services and development of competitive shipbuilding and other industries. There is 1 resident in Garadagh Industrial Park: Baku Shipyard LLC. On September 20, 2013, with the participation of Ilham Aliyev the opening ceremony of a shipbuilding plant was held in Garadagh district of Baku. On August 26, 2015, Garadagh Industrial Park was given the status of a resident. Incentives of industrial parks. Tax incentives are applied for residents of industrial parks. Residents  of industrial parks are exempted from income tax, land tax, property tax, and VAT from the import of machinery, plants and technological equipment imported for industrial purposes for a period of 10 years and customs duties for a period of 7 years. In addition, the development of technical infrastructure network required for production is subsidized from the state budget. External links. Official website of the Sumgayıt Chemıcal Industrıal Park LLC