Turkish Investment Comes to Fruition, as MDF Factory Opens in Qazvin

APW Company’s factory, in which the Turkish side has invested a total of €40 million, was inaugurated on Monday in Qazvin Province’s Caspian Industrial Zone, during a ceremony attended by Mohammad Baqer Nobakht, the head of Plan and Budget Organization, along with local officials.
APW is a producer of engineering woods such as MDFs, MF-MDFs, panels, profiles, parquets and different types of floorings.
The new factory has created 150 jobs for the locals and aims to meet part of the Iranian market demand while providing a platform for exports to neighboring countries.
Director General of Turkish company APW, Sirzat Subasi, and the head of Qazvin Industrial Towns Company, Hamidreza Khanpour, had signed a memorandum of understanding in June 2017 for the Turkish side to invest in building this factory. Back then, the volume of investment was estimated at €70 million.