Uzbekistan launched a joint venture for production of polyethylene wallpaper

Tashkent, Uzbekistan (UzDaily.com) -- New joint venture Winchemical the production of polyethylene wallpaper was commissioned at Farg’onaazot.

According to the press service of Uzkimyosanoat, the capacity of the plant is 7.8 million units of products per year.

The joint venture was established by Winhousing International Co., Ltd (South Korea, the share - 51%) and Farg’onaazot (49%).

The authorized capital of the joint venture is US$150,000. The project with a total cost of US$3.1 million was implemented in accordance with the Decree of the President of the Republic of Uzbekistan dated October 25, 2018 "On Measures for the Accelerated Development of the Chemical Industry of the Republic of Uzbekistan".