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Four machinery and electrotechnical enterprises to be revived
Four machinery and electrotechnical enterprises to be revived

Four machinery and electrotechnical enterprises to be revived

Tashkent, Uzbekistan (UzDaily.com) -- The Government of Uzbekistan with its resolution approved “road maps” on financial and economic rehabilitation of insolvent and low income enterprises of machinery and electrotechnical industries.

The resolution was adopted in order to rehabilitate financial and economic state of the enterprises of machinery and electrotechnical industries, effective use of the premises of the enterprises and attraction of investments for their modernization, etc.

The road maps were approved for Onix, Chirchiq Transformer Plant, BMKB-Agromash and Fayz.

These enterprises will adopt measures on effective and rational use of their assets, modernize capacities, full use of capacities, decrease prime cost via optimization of production processes and premises, decrease losses, etc.

According to the “road maps”, the enterprises will mobilize internal reserves for 10.418 billion soums to develop production and repayment of debts. The volume of investments to these companies will make up 30.1 billion soums.

It is expected that they will produce goods for 37 billion soums. The prime cost will decrease by 3.5%. it is expected that the enterprises will receive income for 998.8 million soums in 2014.

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