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TEHRAN, April 08 - In an official ceremony, Hassan Rouhani and Elham Aliyev, the Presidents of the two countries of Iran and Azerbaijan, launched KHAZAR car plant on the outskirts of Baku city in Neftchala via video conference.
TEHRAN, Young Journalists Club (YJC) - As one of the biggest manufacturing units in the area, the joint car plant of Iran Khodro and the private sector of the Republic of Azerbaijan, KHAZAR, has aimed at the annual production of 10,000 sedans in various models. However the total capacity of 50,000 sets per year with three working shifts is predicted for JV plant.
In the first stage at the plant equipped with modern machineries, the Dena family including Dena and Dena+ will be manufactured for the Republic of Azerbaijan's market.
The cars manufactured on the site of the Republic of Azerbaijan will be also dispatched to the Commonwealth Independent States, based on a preferential agreement.
It should be noted that in this JV inaugurated last week, the Azerbaijani side provided 75% of the shares and the share of Iran Khodro Industrial Group is 25% including technical and engineering services.
The plant, located in an area of 68,000 square meters, is constructed in the coastal city of Neftchala, near the Caspian Sea.
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