Tashkent, Uzbekistan (UzDaily.uz) — Uzbekistan’s Namangan Region has signed a US$105 million investment agreement with Italian company Gamma Meccanica.
The agreement followed talks between a regional delegation led by Governor Shavkatjon Abdurazzakov and the company’s management during a working visit to Italy, the press service of the Namangan regional administration reported.
During the visit, the delegation familiarised itself with Gamma Meccanica’s production facilities and technologies. The company specialises in manufacturing industrial equipment.
Founded in 1977, Gamma Meccanica is headquartered in Bibbiano, in Italy’s Emilia-Romagna region, where its main production facilities are also located. The company manufactures production lines for mineral wool and XPS insulation panels used in building insulation, as well as equipment for recycling plastic waste.
At a meeting with company President Andrea Burini, the sides discussed prospects for developing industrial production in Namangan Region, introducing energy-saving technologies and implementing joint projects in plastic waste recycling.
They also focused on investment cooperation and the potential application of the company’s technologies in the region’s industrial sector.
Following the talks, the parties signed an investment agreement worth US$105 million. The announcement did not provide details on the project’s implementation timeline, production capacity or investment allocation.
