Gulf Cable Trading Company increases its stake in Uzkabel

Anvar Umarov · 15:25, 28.10.2011 · Updated 09:48 · 2340 views

Tashkent, Uzbekistan (UzDaily.uz) -- China’s Gulf Cable Trading Company increased its stake at Uzkabel open joint stock company in form of joint venture, the Uzbek company said.

Uzkabel said that Gulf Cable Trading Company raised its share in the venture from 149,336 to 212,726 shares. Its share grew from 34.77% and 49.53%.

Uzkabel open joint stock company in form of joint venture is the largest producer of cable and wire products in Central Asia.

Uzkabel’s capacity is 50,000 tonnes of copper rod wire, trolley wire - 9,800 tonnes, telephone cable - 15,000 km, and logging cable for oil industry - 8,300 km.

Net income of Uzkable open joint stock company in form of joint venture grew from 180.74 million soums in 2009 to 4.4 billion soums in 2010.

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.