Uzkimyosanoat to implement four projects in Qoqand

Tashkent, Uzbekistan (UzDaily.com) -- Uzkimyosanoat (Uzbek Chemical Industry) state joint stock company will realize four projects within the targeted programme on modernization and technical re-equipment of enterprises of Qoqand city, deepening localization of industrial production for 2010-2012.

Total cost of the projects is 71.605 billion soums, of which 7 billion soums will be allocated by Uzkimyosanoat’s own funds and 64.605 billion soums - credits of the bank.

In particular, the company will invest US$7.605 billion soums to Pigment Production Plant. Uzkimyosanoat will issue 1 billion soums of own resources to project realization and attract 6.605 billion soums of banks’ loans. The plant will be commissioned in the third quarter of 2011 and it will produce 100 tonnes of product.

The Uzbek side will attract 3.5 billion soums of bank’s loans for organization of magnesium junction production and invest 1 billion soums of own funds. The plant’s capacity will be 1000 tonnes.

Uzkimyosanoat will also build plant on production of plastic goods with total cost of 40 billion soums. The plant will produce various plastic products and process 15,000 tonnes of polymeric raw material. The plant will be launched in 2012.

The banks allocated 37 billion soums to project realization and other part will be financed due to own resources of Uzkimyosanaot.

Qoqand superphosphate plant will construct Plan on Repair-Mechanic Works. The project cost is 19.5 billion soums (17.5 bn soums - banks’ loan and 2 bn soums own resources of enterprise). The plant will be commissioned in 2012 and it will carry out repair-mechanic works for US$7 million.