New sugar plant to be commissioned in SIZ Angren

Tashkent, Uzbekistan (UzDaily.com) -- Second sugar plant in Uzbekistan will be commissioned in special industrial zone Angren, local newspaper Pravda Vostoka reported.

After launch of Angren Shakar, Uzbekistan will meet its internal demand for sugar for the first time. Currently, there is one plant in Khorezm region and it meets 60% of demand of Uzbekistan in sugar.

The paper said that the construction of the enterprise completed in record terms – just more than one year required to build the plant. In global practice, such plants are constructed in three years.

The newspaper noted that majority of the equipment are from stainless steel, which guarantees their long-term use. The raw materials will be delivered to production capacities via special underground containers. Such technologies will simplify process of production and improve ecological figures.

The report said that the plant has its own power station, packaging equipment and others. The shop on production of packages will produce 10 million bags.

After the launch of the plant in Angren, modernization of the capacities of the plant in Khorezm will be launched. It will require two-three months.

The project cost of the second plant is US$108.5 million. It will produce 1,000 tonnes of sugar a day. The project is implemented in cooperation with Singapore’s and Welton International Enterprises Pte. Ltd. and Kito Investment Pte. Ltd., as well as Austrian SЕID Handelsgesellschaft m.b.H.

Khorezm Shakar JV OJSC is an only sugar producer in Uzbekistan. Khorezm Sugar Plant was commissioned in 1998. The cost of the plant is US$83.25 million. Preliminary plant was designed for processing sugar-beet, which was planned to plant in Uzbekistan. The capacity of the plant was 3,000 tonnes of sugar-beet a day. But low crop pushed to conserve the plant.

Shakar Investment, an Uzbek-Austrian-US joint venture, carried out project on transfer of the capacity to processing of cane sugar with the cost of US$2 million in 2002. Currently, the plant can process 1,000 tonnes of cane sugar a day.

Shareholders of the company are Motril Investments (Panama, 69.43%), KITO Investments (Singapore, 20%), SEID Handels GmbH (Austria, 10%) and employees (0.57%).