15:34 - 13.11.2026

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November 13, Fineko/abc.az. Sumqayit Texnologiyalar Parkı LLC (STP) increased its authorized capital by another 7 million manats, from 526.47 million up to 533.47 million manats. The change was registered on October 30, 2026.

In September, company's capital was also increased by 7.2 million manats. Thus, over the past 2 months, the authorized capital has grown by a total of 14.2 million manats, or 2.7%. In November 2025, this figure was 519.27 million manats.

STP (its CEO Alakber Abbasli was appointed to this position in August 2025; Supervisory Board’s chair :Mir Jamal Pashayev) is one of the major industrial producers in Azerbaijan.

The Group of Companies has production facilities on an area of 250 hectares, with more than 30 production sites and over 2,000 employees. It produces cable products, pipes, metal structures and other industrial goods that are exported to the markets of Europe, Russia, Turkey and Central Asia.