A flagship of the modern metallurgy of Azerbaijan Republic - Baku Steel Company LLC is the first up-to-date steelworks in the Caucasus region.
The president of Georgia Giorgi Margvelashvili presented “Caspian Energy Award” on nomination "Metallurgical Company of the Year" to the head of the company's sales and marketing department Rustam Kerimov, in International Caspian Energy Forum held in Tbilisi. The first part of the forum was devoted to integration of Georgias’ Caspian-Black Sea-Mediterranean regions countries to the global energy markets and the basic role of this country in energy, transport and infrastructure projects.
The second part of the forum discussed the development of investment in the non-oil sector - finance and banking, insurance, leasing, telecommunications, tourism, engineering and other areas, as well as conducting business, the creation of business-to-government dialogue and prospects of bilateral relations with the European Union.
"Baku Steel Company" LLC was expected to be announced as "Metallurgical Company of the Year" in Tbilisi Forum.
"Baku Steel Company", which is the first private and modern steel institution not only in Azerbaijan country, as well as in the heavy industry of the Caucasus region took an important place in the economy of the country, in creating new jobs, the environmental balance and also the non-oil sector has become one of the largest taxpayers in the last 13 years.
Price and quality optimization created the conditions for a competitive price on exports products to not only in the domestic market, but also in neighboring countries such as Russia, Georgia and Turkmenistan.
The Company, bringing annual production capacity to 1 million tons brought down the value of its diverse construction products from 720 manat to 590 at, the beginning of November this year.
Optimization of technological processes at the company, strengthening of investment policy, reconstruction of social infrastructure and other complex reforms reform is still successfully continued.