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

Turkish Investment Comes to Fruition, as MDF Factory Opens in QazvinTurkish 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.

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