Tashkent, Uzbekistan (UzDaily.uz) — China’s Raising Sun Technology Co. Ltd plans to invest more than US$200 million in a modern paint manufacturing plant in Chust district, Namangan region, as part of a three-stage industrial project.
Namangan Region Governor Shavkatjon Abdurazzakov inspected construction work at the site within the Chust Free Economic Zone.
The first stage is expected to involve US$85 million in investment and create 500 new jobs. Particular attention will be paid to compliance with environmental requirements and the introduction of modern technologies during construction and the organisation of production.
The project is expected to strengthen Chust district’s industrial capacity, expand production, create additional employment opportunities and increase household incomes.
The total investment is planned to exceed US$200 million, with implementation scheduled across three stages.
