Uzmetkombinat to start production of steel pipes

Minprom agency reported quoting Prime said that the project cost is US$90 million.

The combine will produce steel sutureless hot-shaped pipes with the diameter from 25 mm to 426 mm with the pipe wall thickness up to 20 mm. The project cost of the enterprise is 30,000 tonnes a year.

The project will be financed due to loans of the Uzbek banks for US$50 million, loan of the Fund for Reconstruction and Development of Uzbekistan – US$30 million and own funds of Uzmetkombinat – US$10 million.