IMANO Group to create new capacities

Tashkent, Uzbekistan (UzDaily.com) -- The Government of Uzbekistan adopted decision on realization of property of Qoqon Mebel LLC (Qoqand Furniture) to investor IMANO Group, which currently rents premises, with further liquidation of Qoqon Mebel.

The investor will create new enterprises with organization of 262 work places on the base of liquidated enterprise.

In particular, the enterprise will organize production of children footwear with investing US$250,000 and own funds of enterorise for 50 million soums. The capacity of the plant will be 100,000 pair of footwear a year.

In future, the investor will expand production capacity to 126,000 pairs through attracting US$300,000 of bank credit and investing US$100,000 own resources.

IMANO Group will direct US$75,000 into organization of furniture production with the capacity of 1,000 sets a year. The enterprise will also invest 40 million soums of own resources into the project.