Uzbekistan, Tashkent, Jan.16 / Trend D.Azizov /
The Uzbek metallurgical plant whose share in ferrous metallurgy production reaches 90 percent increased its steel production by 2.2 percent to 733,100 tons compared to 2010, the enterprise said on Monday.
The enterprise dispatched 709,900 tons of finished steel in 2011 or 2.6 percent more compared to 2010.
It was reported earlier that Uzmetcombinat increased steel production by 0.1 percent in 2010 to 717,400 tons compared to 2009.
Uzmetkombinat is the only ferrous metallurgy factory in Central Asia working with scrap metal. It was commissioned in 1956. Earlier it processed scrap metal.
The plant's authorized capital is 45.314 billion soums. Some 71.91 percent of its shares are owned by the state, 10 percent by the labor collective and 2.65 percent by minority shareholders. The Uzbek National Bank for Foreign Economic Activity, Promavtoinvesttorg, Navoi and Almalyk also own 15.44 per cent of shares.
The official exchange rate is 1,800 soums to $1 on Jan.16.