Stay up to date with the latest news
Subscribe to our telegram channel
AGMK builds plant on copper pipes production
Tashkent, Uzbekistan (UzDaily.com) --
Almalyk Mining and Metallurgy Combine (AGMK) completed construction of a plant on production of copper pipes in the territory of Angren special industrial zone, the director-general of the combine Aleksander Farmanov said.
Farmanov said that the project helped to start production of copper pipes with diameter from 4.5 to 50 mm. Large part (90-95%) of the products will be exported. This will help receive additional hard currency revenue.
The project cost was US$35.48 million. The project was financed due to own resources of AGMK for US$10.28 million and loans of Ipoteka Bank for US$12.27 million in foreign currency and US$12.93 million in national currency.
Within the project, Jiangsu Xingrong High Tech Co., Ltd (China) supplied and installed technologic equipment for US$9.67 million.
TOSHELECTROAPPARAT produced and supplied electrotechnical equipment and conducted installation works worth US$3.79 million.
The UAE-based SAM Building Contracting LLC supplied metallic and wall construction of production building and equipment for them, as well as installation works for US$5.57 million.
LATEST NEWS