Uzbekistan launches second sugar plant

The roundtable was held by the Committee of international affairs and inter-parliamentary relations of Oliy Majlis of Uzbekistan.

During the conference, it was underlined that Angren Shakar with 100% foreign investments has been launched in the special industrial zone “Angren”. The production capacity is 1,000 tonnes of sugar a day.

Angren Shakar implemented the project on construction of new sugar plant in the territory of the special industrial zone Angren.

The project cost of the second plant is US$108.5 million. It will produce 1,000 tonnes of sugar a day.

The project is implemented in cooperation with Singapore’s and Welton International Enterprises Pte. Ltd. and Kito Investment Pte. Ltd., as well as Austrian SЕID Handelsgesellschaft m.b.H.

Khorezm Shakar JV OJSC is an only sugar producer in Uzbekistan. Khorezm Sugar Plant was commissioned in 1998. The cost of the plant is US$83.25 million. Preliminary plant was designed for processing sugar-beet, which was planned to plant in Uzbekistan. The capacity of the plant was 3,000 tonnes of sugar-beet a day. But low crop pushed to conserve the plant.

Shakar Investment, an Uzbek-Austrian-US joint venture, carried out project on transfer of the capacity to processing of cane sugar with the cost of US$2 million in 2002. Currently, the plant can process 1,000 tonnes of cane sugar a day.

Shareholders of the company are Motril Investments (Panama, 69.43%), KITO Investments (Singapore, 20%), SEID Handels GmbH (Austria, 10%) and employees (0.57%).