Baku, Azerbaijan, Nov. 7
The Malaysian Serba Dinamik Group Berhad company plans to build a caustic soda plant in Uzbekistan for $250 million, Podrobno.uz reported.
This was reported at the end of the negotiations between the First Deputy Chairman of the State Investments Committee of Uzbekistan Sunatulla Bekenov, Head of the Administration of the Khorezm region Farhod Ermanov and the Vice-President of the Malaysian company Palendran Palachandran.
Palachandran said it is planned to sign in December an agreement on cooperation in the area of implementation of this project, and to sign an investment agreement in April 2019. The project implementation period will be 18 months after the signing of the investment agreement.
He noted that 120 new jobs will be created at the new plant, and all products will be export-oriented. The equipment for the plant will be manufactured by Thyssen Krupp AG company (Germany). The industrial residue in the production of caustic soda, chlorine, will be exported to North African countries through this company.
Serba Dinamik is an international group of energy companies. It has experience of working in Indonesia, Saudi Arabia, the United Arab Emirates, Bahrain and the UK. The company's annual market volume in Malaysia is about $ 1 billion, the number of its employees is over 1,500.