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Home / Business / Uzbekengilsanoat Launches Three Companies worth Mo...

Uzbekengilsanoat Launches Three Companies worth More than $10 million

Uzbekengilsanoat Joint Stock Company completes the implementation of several investment projects, which will be held in the framework of the launch of new textile enterprises worth more than $10 million.

According to the specialists of Uzbekengilsanoat JSC, a stable source of raw materials, high quality of cotton fiber, reasonable prices for resources, highly skilled workforce make the sector attractive for investment.

 

A systematic reorientation of domestic exports of raw materials for production of finished products with high added value requires the creation of new modern textile complexes with a complete production cycle.

Due to the implementation of three investment projects with total estimated value of more than $10 million, Uzbekengilsanoat expects to receive an additional 3.5 thousand tons of cotton yarn and 4.5 million of finished products per year, providing jobs for more than 600 people.

 

In particular, Tashkent Region is completing the implementation of the investment project based on Maxim Gold. It produces 3.5 thousand tons of cotton yarn per year. The cost of the investment project is $7 million.

The implementation of another investment project worth $ 2.44 million is being completed in the Andijan Region. Based on parts of the bankrupt enterprise ‘Beaubourg’, production of 1 million pieces of knitwear is organized. Investors was foreign company ‘Lemon International’ (Hong Kong).

­Production of 3.5 million pieces of finished products per year is conducted in Jizzakh Region based on the Dustlik tractor fleet. The cost of this investment project is $600 thousand., owned by the BF Textile joint venture, operating in our country.

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