Uzbekistan again extends tender to sell plant' shares
Uzbekistan, Tashkent, May 10 / Trend D.Azizov /
Uzbekistan again extended a tender to sell shares to the foreign investors of the Fergana Furan Compounds Plant, the State Property Committee's (SPC) official Web site reported. The tender was originally announced in December 2008 and extended until may 31, 2010 in connection with the absence of competitive bids, the SPC reported.
The 100-percent state-owned plant worth 37 million is for sale. The investor must take $2.6 million in investment commitments to further modernize production.
The results of the competition will be summed up in May 2010. The advantage will be given to the company that is ready to offer the highest bid for the stake and take investment obligations, the report said.
The company was put into operation in 1946. The factory produces cotton pulp, furitola-107, furfural alcohol, ethanol and technical cotton wool.
The German Unionmatex introduced the Cotton Cellulose Production Plant, whose capacity is 30,000 tons per year, with a cost of $50 million on the base of the plant in 2002. At present, its production capacity is at about 20 percent.
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