Russian companies to supply equipment for Tashkent metallurgical plant
Tashkent, Uzbekistan (UzDaily.com) -- A number of leading Russian companies signed contracts for the supply of technological equipment for the Tashkent Metallurgical Plant (TMZ) being built, the press service of TMZ said in a statement.
“The project is financed by a foreign investor, the Fund for Reconstruction and Development of Uzbekistan, and the loan funds of Roseximbank. Credit lines pass through Asaka and Uzpromstroybank. These funds are allocated under the insurance coverage of the Russian Agency for Insurance EXIAR" - said the technical director of the company Valery Osin.
According to him, in cooperation with the Russian financial institution there are certain obligations, the presence of the so-called Russian content - the mandatory volume of supplies of equipment produced in Russia. Therefore, part of the specialized equipment for auxiliary production will be Russian.
Among the contracts already concluded are the leaders of the Russian market, such as Uralkran, Energoavangard, Veza, Promtreydimpeks, South Ural Weight Plant and Permglavsnab.
“The supplier of the main equipment is one of the three world market leaders in the production of metallurgical equipment - the Italian manufacturer Danieli & C. Officine Mecchaniche SpA. We held talks and meetings with all three suppliers, because at a certain stage we were inclined to the version that the main units will come from different manufacturers. But in the end they came to the conclusion that one company would supply the whole complex of basic equipment,” Osin said.
Total cost of the project exceeds 286 million euros. The MetProm group of companies has been selected as the general contractor for the construction of the TMZ. Today, it is one of the leading design and construction organizations in the metallurgical industry in Russia. The launch of the plant is scheduled for December 2019.
After reaching full capacity, the company will produce 500 thousand tons of cold-rolled metal per year. At the same time, 20 percent of production is planned to be exported to Iran, Turkey, Afghanistan, Azerbaijan, Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Ukraine, Latvia, Lithuania, Estonia.
SFI Management Group manages the construction project of the Tashkent Metallurgical Plant. It also manages the state’s share in other flagships of Uzbekistan’s industry, the Almalyk MMC and Uzmetkombinat.