Economy

Two chemical plants in Uzbekistan complete capacity modernization

Two chemical plants in Uzbekistan complete capacity modernization
Two chemical plants in Uzbekistan complete capacity modernization
Tashkent, Uzbekistan (UzDaily.uz) -- Two chemical plants in Uzbekistan completed modernization of capacity for US$50 million, local Internet edition reported.

Gazeta.uz reported that Maxam-Chirchiq OJSC and Ferghanaazot OJSC carried out reconstruction of ammonia units.

The report said the reconstruction allowed to stabilize work of units and decrease energy consumption, as well as increase production capacity of nitric fertilizers - ammonium nitrate and carbamide.

The projects were financed due to resources of the Fund for Reconstruction and Development of Uzbekistan, China Development Bank, foreign direct investments, Uzhimprom Development and Support Fund, loans of Uzbek banks and own resources of the enterprises.

Anvar Umarov
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.