(Read the full article on Turan.az)

In March this year, AzerGold CJSC and DM Servis LLC established AzerBlast LLC, a company specializing in the production of industrial explosives, Turan reported, citing the press service of the state gold mining company.

The company was founded with the aim of meeting the domestic market demand for civil explosives in the mining and construction industries, and eliminating dependence on imports.

The authorized capital of AzerBlast LLC is determined at the level of AZN 4 million, 51% of which belongs to AzerGold CJSC, and 49% – to DM Servis LLC.

“DM Service” LLC, founded in 2013, is the official partner of “Orica-Nitro” company, one of the world leaders in the production of explosives and innovative systems, according to AzerGold. In the city of Ganja, it is planned to build a plant for the production of industrial explosives using advanced innovative technologies. The capacity of the enterprise has not yet been reported.