Uzkhimprom to spend $171 million for expansion of production
Uzkhimprom, a state joint-stock company, will spend #171 million in 2011-2013 to expand production and explore manufacture of new kinds of competitive produces on the basis of its existing enterprises, a source in the company's management told Trend referring to the order of the President of the country.
Particularly, prior to 2014 Uzkhimprom plans to implement a project of expansion of production of soda ash at the Kungrad soda plant by 50,000 tons annually with an increase of extraction of limestone from the cast mine Jamansay, and of technical salt from the field Barsakelmes.
The project is valued at a total of $52 million. The project is financed at the price of $25 million-worth loans by the Fund for Reconstruction and Development of Uzbekistan (FRDU) and loans by commercial banks of the country in the same amount, as well as own assets of the facility.
Another large project included in a list approved by the head of the state is a $55 million-worth project of reconstruction and enhancement of production of carbamide and ammonic nitrate at the open joint-stock company Ferganaazot. Once the project is over, the facility's production capacity will be increased by 30,000 tons of carbamide and 62,000 tons of ammonic nitrate per annum. The project is to be financed due to a $24 million-worth loan by the FRDU, $22 million-worth loans by native banks, and $9 million as Uzkhimprom's assets.
The $39.5 million-worth project of reconstruction and enhancement of Maksam-Chirchik, a facility specialized in the production of mineral fertilizers and sulfuric acid, will provide an increase of the production of carbamide and sulfuric acid by 35,000 tons and 25,000 tons, respectively. The project is financed at the price of $10 million as the facility's own assets, $14 million as loans by Uzbek banks, and $15 million as foreign investments.
Open joint-stock company Ammofos-Maksam enhances the production of phosphoric fertilizers through a $15 million-worth project to increase the production of ammophos by 42,500 tons. The project is being implemented at the price of $7 million as the facility's own assets, and $8 million as foreign investments.
Interlocutor of the agency says the President's order envisions implementation of a total of around 50 projects of expansion of manufacture of competitive produces on the basis of the existing enterprises of the basic branches of the economy for the total value of $658 million, of which $176 million will be own assets of enterprises, $164 million will be loans by the FRDU, $210 million will be loans by commercial banks, and $108 million will be foreign investments and loans.