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Cement to be sold only through exchanges in Uzbekistan

Business Materials 13 December 2017 10:07 (UTC +04:00)

Baku, Azerbaijan, Dec. 13

By Nigar Guliyeva – Trend:

Uzbekistan's monopoly enterprises will sell cement only through exchange auctions starting from Jan.1, 2018 in accordance with the Resolution of the Cabinet of Ministers "On the production and consumption of cement in 2018".

Thus, 8.44 million tons of cement will be sold to domestic consumers the next year through exchanges.

The volumes not sold during the first trades will be re-exhibited within a month and only after that can be sold for export under direct contracts.

Under the decree of the President of Uzbekistan starting next year 27 types of highly liquid products will be sold exclusively through exchange trades.

However, the ban on the resale of the products purchased on the exchange is canceled.

According to the data of the State Committee for Privatization, Demonopolization and Competition Development, as of October 1, 2017, four enterprises that are dominant in the commodity market are carrying out cement production in Uzbekistan: Kizilkumcement JSC, Kuvasaycement JSC, Bekobodcement "and JSC" Akhangarancement ".

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