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Waterfall and SOCAR Polymer Companies Have Signed Memorandum of Partnership

A Memorandum of partnership between Waterfall (Russia) and SOCAR Polymer (Azerbaijan) have been signed within the business forum “Azerbaijan-Rostov Region Development of Trade, Economic, Cultural and Humanitarian Cooperation”.

And agreement of supply of polypropylene for the production of high-quality BOPP-film was concluded in Baku by the heads of Waterfall (Russia) and SOCAR Polymer (Azerbaijan) companies. Konstantin KUZIN, Chaiman of Board of Directors, Waterfall (Russia) and Faud AHMEDOV, Deputy General Director, SOCAR Polymer (Azerbaijan) have signed Memorandum within the business forum “Azerbaijan-Rostov Region Development of Trade, Economic, Cultural and Humanitarian Cooperation” which took place in Baku on the 4rth of March. At the forum Russian and Azerbaijan partners have discussed the strategy and terms of polypropylene supply for the BOPP-film high-speed line.

SOCAR Polymer is the first public-privet partnership in the oil and gas section of Azerbaijan. The company utilizes the most advanced technologies of polypropylene production.

Waterfall is a modern Russian enterprise of biaxail oriented polypropylene film (BOPP-film), it is included into the multi-business holding “Megapolis Group”. Estimated capacity of the plant is 60.000 tons per year.

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