Autumn 2001 (9.3)
Baku Steel Opens
Steel Recycling Facility in Azerbaijan
Above: Owner Paolo Parviz,
Baku Steel Manager Greg Barnes and President Heydar Aliyev at
the facility's grand opening in June 2001.
23, 2001, President Heydar Aliyev official opened the new Baku
Steel Factory, the first new major factory to open in Azerbaijan's
steel industry since the country became independent. The steel-melting
facility will recycle Azerbaijan's abundance of scrap metal into
grade reinforcing bars and billets. Future plans include the
production of angles, flats, channels, hexagons and square bars
for the construction and engineering industries.
Left: Workers at the new
Baku Steel Factory.
Right: A mountain of scrap
metal from Baku Steel's cleanup of the city of Baku.
Steel Company was formed by Paolo Parviz, an Azerbaijani from
Iran who was educated in the West. Parviz has been active in
Baku since 1993; he was the driving force behind the city's world-class
hotel complex: Hyatt Regency, Park Hyatt and the Hyatt Towers
and also Shollar Water Bottling Company. (See AI's
interview with Parviz in AI 8.4, Winter 2000 issue. SEARCH at AZER.com.)
Baku Steel has been purchasing scrap metal throughout Azerbaijan
since February. This recycling will have a positive impact on
Azerbaijan's environment, cleaning the country of its scrap steel
while maintaining Azerbaijan's and international air and water
quality standards. It also means that future construction projects
in the country will have access to first-class building materials
at affordable prices.
The company's new facility is housed in a refurbished factory,
that had never opened because of the collapse of the Soviet Union
in 1991. More than 500 local employees and 43 local companies
worked for two years to reconstruct the $50 million factory.
Improvements included a new 110-kilovolt overhead power line
and electrical sub-stations installed by AzEnergy between Promuzal,
Sumgayit and Baku Steel Company, new gas supply pipelines installed
by Azeri Gas and technical water provided from Jeyranbatan by
Baku Steel Company,
15 Mir Jalal Street, Baku, Tel: (994-12) 90-30-70; Fax: 90-30-71;
(9.3) Autumn 2001.
© Azerbaijan International 2001. All rights reserved.
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