Alco LLC, a resident of the Sumgait Chemical Industrial Park, has begun exporting lubricants and coolants to European countries, including Germany, Italy, the United Kingdom, Romania, and Bulgaria.

According to information from the Industrial Park provided to APA-Economics, more than 2,000 tons of products have been shipped to these countries in the initial phase, with plans to increase this volume to 10,000 tons in the next stage.

It should be noted that the enterprise, with an investment value of $15 million, employs up to 100 people. From the start of its operations until the end of 2021, the company produced over 36,000 tons of products, of which 6,000 tons were sold on the domestic market and 30,000 tons were exported.

The manufactured products are mainly exported to countries such as Turkey, Georgia, Ukraine, Iraq, Lebanon, Poland, Moldova, Turkmenistan, and others.