Baku, Azerbaijan, April 9
By Fakhri Vakilov – Trend:
Russian Gubkinsky Engineering Center is planning to launch the production of seropolymers widely used in the construction industry in the Pap district of Namangan region of Uzbekistan, Trend reports with reference to Uzbekistan Embassy in Russia.
“In order to discuss the implementation of a joint project, representatives of Uzbekistan visited the city of Orenburg, where the Gubkinsky engineering and technical center is located, at the beginning of this year. By now, the relevant joint venture has been registered with opening bank accounts, contracts have been concluded for the supply of necessary equipment from Russia” Embassy of Uzbekistan in Russian noted.
The partner from the Uzbek side is Pop Design Qurilish company.
The volume of direct investment in the construction and commissioning of the factory will exceed $2 million. There will be 150 new jobs created here. It is planned to commission the company in 2020.
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