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Azerbaijan: Promalt launches new malting plant in Azerbaijan
President of the Republic of Azerbaijan Ilham Aliyev attended the inauguration of Promalt Limited Liability Companys new barley malt processing facility Imishli on October 28, Azertac reported.
Equipped with modern machinery from the Swiss company Bühler GmbH and a fully automated processing system, the facility has an annual production capacity of 11,000 tonnes of malt.
The total investment in the project amounts to 33.2 million manats.
Implemented through a partnership between the Azerbaijan Business Development Fund under the Ministry of Economy, Azersheke" LLC, and Azersun Holding LLC, the facility has benefited from tax and customs exemptions under the states investment incentive program. The barley malt produced at the facility will also supply raw materials to Carlsberg Azerbaijan.
As the first modern production facility in the South Caucasus specializing in brewing barley processing, the project is significant for advancing agro-industrial integration, technological modernization, sustainable raw material supply, and localization of production in the region. The facility will create 47 jobs.