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Cement production down in Uzbekistan

Business Materials 17 January 2019 18:59 (UTC +04:00)

Baku, Azerbaijan, Jan. 17

Trend:

Uzbekistan could not overcome the lag in cement production in 2018, Trend reports via Nuz.uz referring to the State Statistics Committee.

Analysts say the main factor in decline in cement production is the rising prices in 2018. For enterprises of the industry, tariffs for gas and electricity increased by at least 60 percent.

Experts consider the 60 percent increase in the prices of gas and electricity for the construction industry as one of the factors affecting the inflation in the country in 2018.

Uzbekistan started to import building materials and mainly cement to meet domestic demands. In particular, cement for $122.9 million was imported for the first nine months of last year.

In October 2018, Uzbekistan extended custom privileges to importers of cement, cement clinker, asbestos, building glass, timber and lumber until Jan. 1, 2020.

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