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Chinese firm to start produce cables at FIEZ Navoi
Chinese firm to start produce cables at FIEZ Navoi

Chinese firm to start produce cables at FIEZ Navoi

Tashkent, Uzbekistan (UzDaily.com) -- Foreign company Gulf Cable Trading Company (China) founded Foreign Enterprise Navoi Cable Connector LLC at Free Industrial-Economic Zone Navoi.

The enterprise was created to implement investment project of “Production of electrical aluminum wires and aluminum alloy, cable insulation materials and coupling for high voltage cables”.

In the first phase of the investment project, the investor invested US$2 million into project and plans to increase the volume of investment to US$5.95 million in future.

Within the project, it is planned to localize production, with a gradual increase share of local goods in good production, and create new jobs.

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