Currency rates from 02/05/2025
$1 – 12900.00
UZS – -0.16%
€1 – 14595.06
UZS – -0.59%
₽1 – 157.32
UZS – -0.81%
Search
Economy 03/07/2019 Red October returns to the market of Uzbekistan
Red October returns to the market of Uzbekistan

Tashkent, Uzbekistan (UzDaily.com) -- Russian company Red October returns to the market of Uzbekistan.

Representatives of the metallurgical enterprise held a series of successful negotiations in Uzbekistan.

Business meetings were held within the framework of the business mission of Volgograd region to the Republic of Uzbekistan. Following the results of the meetings, the parties agreed to start cooperation - now models of interaction with commercial and government organizations are being formed.

In Soviet times and in the 2000s, the steel of special purpose produced by the “Red October” occupied a niche in the market of Uzbekistan, but several years ago trade relations were interrupted. Now the Volgograd enterprise increases production volumes and is aimed at expanding the market.

During the business mission, representatives of the Red October visited two large machine-building enterprises in Khorezm region: the Uzbek-Chinese UzXCMG and General Motors Uzbekistan - who are interested in purchasing special-purpose steel.

The delegates also met with representatives of the State Committee of the Republic of Uzbekistan on geology and mineral resources.

Another important point of a business visit to the Central Asian republic was the conduct of telephone conversations with the Trade Representation of the Russian Federation in the Republic of Uzbekistan. According to their results, "Red October" enlisted the support of a diplomatic institution in promoting its products in the market of the whole of Uzbekistan.

“Cooperation with the above-mentioned industrial enterprises and organizations is extremely important for us against the background of the intensification of diplomatic relations between Russia and Uzbekistan,” said Alexander Sivakov, executive director of Krasny Oktyabr. - I will add that the construction of the first nuclear power plant in Uzbekistan begins in Navoi region. Taking into account the experience of Red October in the supply of high-quality metal for the nuclear power industry, this trip was extremely important for our company. We aim to participate in this ambitious project, and we have all the opportunities for this.

At present, Red October is working out the details of cooperation with enterprises from Uzbekistan and establishing partnership relations between interested parties.

Stay up to date with the latest news
Subscribe to our telegram channel