Samarkand Lift Construction Plant reorganized as Uzbek-Russian JV
Uzbekistan, Tashkent, Aug. 10 / Trend D.Azizov /
The Samarkand Lift Construction Plant was reorganized this week as an Uzbek-Russian joint venture.
The decision to reorganize the company was initially adopted at a general shareholders meeting in 2009. The Uzbek Justice Ministry approved the decision in 2010.
The Samarkand Lift Construction Plant was commissioned in 1975. The plant has a capacity of 7,000 tons of cargo per year.
The Moscow-based Peresvet Invest, one of the largest real estate companies in Russia, purchased a 75-percent stake in the plant in January 2007 for $1.3 million. The company won a tender announced by the Uzbek State Property Committee of Uzbekistan in August 2006.
Peresvet-Invest was founded in 1995, and is engaged in real estate operations on the primary and secondary housing markets in and around Moscow.
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