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China's Gansu Hengya Cement Co. to invest in Uzbekistan's new cement plant

Business Materials 21 November 2018 09:10 (UTC +04:00)
China’s Gansu Hengya Cement Co. will invest in the construction of a new cement plant in Kattakurgan district of Samarkand region of Uzbekistan, Uzbek media reported.
China's Gansu Hengya Cement Co. to invest in Uzbekistan's new cement plant

Baku, Azerbaijan, Nov. 21

By Fikret Dolukhanov – Trend:

China’s Gansu Hengya Cement Co. will invest in the construction of a new cement plant in Kattakurgan district of Samarkand region of Uzbekistan, Uzbek media reported.

The cost of a new cement plant with a capacity of over 2.4 million tons of cement per year is $420 million.

The project will be implemented in two stages. At the first stage (2018-2020) worth $220 million the plant will produce up to 1.2 million tons of cement per year. The second stage of the project will be implemented in 2020-2023 and will allow reaching full capacity.

The plant will produce cement of M-400, M-500 (white and gray) and M-600 grades.

China is the largest foreign trade partner of Uzbekistan. In January-October 2018, the trade turnover between Uzbekistan and China amounted to $5,228.4 million, of which $2,202.1 million is exported from Uzbekistan, and $2,826.4 million is imported from China.

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