Maxam-Chirchiq distributes net income for 2013

According to decision of shareholders, the company will direct 121.1 million from net income for 2013 to form reserve fund and 139.941 million soums to fund for modernization and new technologies.

The fund for protection of labour and technical security will get 139.941 million soums as well, the report said.

The shareholders kept 13.453 billion soums at the company, which will be used to implement investment project.

The company will direct 139.941 million soums to remuneration of Supervisory Council, Revision Commission and the board.

Maxam-Chirchiq OJSC, former Elektrohimprom, was commissioned in 1940 and specializes on production of ammonia, ammonium nitrate, and carbamide. MaxamCorp S.A.U. purchased 49% stake at Elektrohimprom for US$22 million in 2007. The company undertook obligation to invest US$55 million in next five years. The charter capital of the company is 24.996 billion soums.

Maxam-Chirchiq is a leading chemical enterprise in Uzbekistan, which produces 30 types of goods. The company realizes its products in internal market and exports to the countries of the CIS, European Union, USA, Latin America, and Australia.