17:40 - 30.10.2026

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October 30, Fineko/abc.az. Penoplex Prikavkazye, a company with Russian capital and a resident of the Hajigabuli Industrial Park, continues to produce heat-insulating panels made of extruded polystyrene foam (XPS).

The investment value of the plant, located on an area of 6.7 hectares, is 18.4 million manats. Its annual production capacity is 300,000 cu m.

60% of company's products are supplied to the domestic market, in particular, they are used in restoration and construction works in Karabakh, as well as sold at retail. The remaining 40% are sent to foreign markets, mainly to Georgia.

In the future, after the opening of the Zangezur corridor, the company plans to enter the markets of Turkey and the southern regions of Russia.

In parallel, the company conducts research activities. Thanks to logistical support for the export of non-oil products, the company expects to increase its competitiveness in foreign markets.