7
Economy

Uzbek-Russian JV to buy German equipment

Uzbek-Russian JV to buy German equipment
Uzbek-Russian JV to buy German equipment
Tashkent, Uzbekistan (UzDaily.uz) -- Ekzemtex, an Uzbek-Russian joint venture, will carry out modernization and re-equipment of its capacities in 2010-2012.

The enterprise, specializing on production of medicinal cotton, will buy four boiling kettle for cotton boiling of German production. The venture will attract bank loans for US$1 million to realize the project.

The modernization will allow the venture to produce goods for US$400,000 in 2010, US$500,000 in 2011 and US$600,000 in 2012.

Anvar Umarov
Anvar Umarov

Anvar Umarov is the founder and editor-in-chief of UzDaily, a leading business and news publication covering Uzbekistan and Central Asia. With over 20 years of experience in journalism, he has also worked as a PR manager for both state and private organizations, bringing a broad perspective on media, communications, and public affairs to his editorial leadership.