Star company to complete construction of two appliances plants till late 2005

Ali Evsen, the President of the group of companies, told Trend about it in an interview.

According to Evsen, output of refrigerators, laundry washers and air-conditioners will start in August, while the plant on car assemblage will be ready in October.

“Our total investments in the two plants will comprise $50 million with $20 million for the car plant and $30 million for the output of domestic appliances. We will assembly Iranian Samandar cars on the base of French Peugeot technology,” Evsen said.

He noted that devices for the car plant will be purchased from Malaysia. In the first stage the Shamakhi car plant will annually assemble 2000 cars from Iranian component parts, but the Star intends to start output of component parts in Azerbaijan.

The Star plans to sell the cars in Azerbaijan and export them to the neighbor countries.

The Star group of companies has a TV production plant in Shamakhi, which sold its product in Azerbaijan and exported to Georgia and Russia.