The document was adopted in order to organize local production of agriculture and automobile tires, conveyor belts, and meet demands of high technological enterprises with local competitive products, create new jobs, ensure employment and growth of income. The resolution said that feasibility study of investment project „Organization of production of conveyor belt, agriculture and automobile tires at the territory of the special industrial zone Angren“ was approved.
In the result of the direct talks between Directorate on construction of rubber products plant“ of Uzkimyosanoat signed a contract with Poly Technologies Inc. (China) on construction of plant, which will have capacity on production of 100,000 meters of conveyor belt, 200,000 units agriculture tires and 3 million units of automobile tires a year on „turn-key“ bases for US$183.96 million. Uzavtosanoat reached agreement with General Motors (USA) on using locally-made tires at cars, produced by GM Uzbekistan, if the products pass certification and laboratory tests in line with international standards and requirements of General Motors.
Uzbeke leader agreed with proposal of the Ministry of Finance, State Competition Committee, Uzkimyosanoat, Uzavtosanoat, Almalyk Mining and Metallurgy Combine (AGMK)and Navoi Mining and Metallurgy Combine (NGMK) on increasing charter capital of the Directorate of the project to US$30 million. The share of Uzkimyosanoat will be 50%, Uzavtosanoat – 30%, AGMK and NGMK – 10% each.
Weblinks on this topic
You will find this article in full length on the website uzdaily.com – click here to read. Further information on financing this project is given by the website trend.az – click here to read.
(dw)
