(Yicai Global) Dec. 6 -- China CAMC Engineering has won a deal from Azerbaijan Integrated Steel Mill Complex worth USD1.2 billion, equivalent to almost three-quarters of the state-owned firm's total revenue last year.
The 42-month project, located in the Azerbaijani city of Ganja, involves the construction of an integrated steel plant with annual output of 1.3 million tons of reduced iron and 700,000 tons of iron sheets, the Beijing-based firm said in a statement.
Azerbaijan Integrated Steel Mill Complex is a unit of Baku Steel, the largest metallurgical company in the Caucasus.
Formed in 2001, CAMCE is a unit of China National Machinery Industry Corporation. Its core businesses are general contracting on international engineering projects, as well as investment and trade at home and abroad. CAMCE has previously won projects in Uruguay, the Philippines, Ecuador and Angola among others.