Tashkent, Uzbekistan, July 23
By Demir Azizov- Trend:
The Uzbek Metallurgical Plant (Uzmetkombinat JSC, Bekabad city, Tashkent province) which accounts for 90 percent of the country's ferrous metallurgy production increased steel production by 0.1 percent up to 381,700 tons in January-June 2014 compared to the same period last year, the company reported.
The report also notes that the production of finished steel production of the plant also increased by 0.1 percent - up to 367,200 tons during the reported period.
As reported earlier, Uzmetkombinat JSC increased its steel production by 1.3 per cent, up to 746,200 tons in 2013 compared to 2012.
At the same time, the finished steel production increased by 1.1 per cent up to 718,000 tons at the plant.
Uzmetcombinat is the only ferrous metallurgy company in Central Asia that works with scrap metal. The plant was commissioned in 1956. Previously it recycled scrap metal coming from all the Central Asian republics. Currently scrap metal is generated in the country as well as raw materials purchased outside the state. The plant can produce 790,000 tons of steel and 760,000 tons of special iron.
Currently, Uzmetkombinat is implementing a production development and modernization program worth $134.7 million for the period until 2016. This is being self-financed by Uzmetkombinat's.
It is expected that the program's implementation will increase the steel production capacity of the plant by 13.3 per cent up to 850,000 tons, processed scrap metal by almost 1.8 times to 670,000 tons and reduce electricity costs by 20 per cent by 2016.
Edited by CN