Uzbek-Chinese JV commissions new cement plant in Karakalpakstan
Baku, Azerbaijan, Dec. 20
By Fikret Dolukhanov – Trend:
A new cement plant has been commissioned in the Korauzyak District of the Republic of Karakalpakstan (Uzbekistan), Trend reports on Dec. 20 referring to Uzbek media.
According to the information, the capacity of the plant will be 200,000 tons of cement per year. The Uzbek-Chinese joint venture Titan Cement has commissioned the plant.
The project cost is 302.4 billion soums ($37.8 million). The joint venture invested $19.2 million in this project and attracted $16.8 million in loans, as well as $1.8 million in foreign investment.
It was earlier reported that construction of a cement plant has begun in the Bulakbashi district of the Andijan region of Uzbekistan.
Jo‘ydam Tamir Qurilish JSC and Chinese companies SHANGFENG, TUNLI and Beijing Triumph participate in the project. The parties created a joint venture SHANGFENG-BRIDGE OF FRIENDSHIP.
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