Baku, Azerbaijan, July 23
By Fakhri Vakilov- Trend:
UTD Holding and Uzpromstroymaterialy Association signed an agreement on July 22 to expand the cement plant in the Farish district of the Jizzakh region of Uzbekistan, Trend reports via Uzbek media.
As the General Director of the UTD Holding Aziz Gafurov said, it is planned to invest more than 400 million euros from holding’s own funds in this project.
“Initially, it was planned to bring the plant’s capacity to four million tons, but with the discovery of a new limestone open-pit mine, the Almaz field, it was decided to increase the plant’s production capacity to five million tons, of which one million tons is white cement, and four tons are Portland cement, the type of cement most widely used in all countries, "he said.
The CEO noted that new types of products including high-quality cement M500, M600, M900 and white cement will meet the standards of the IAEA and can be used to build a nuclear power plant.
The demand for high-quality cement is increasing at the local market; therefore, the producer will primarily focus on Uzbekistan. Subsequently, 40 percent of products are planned to be exported to Afghanistan, Kazakhstan, Kyrgyzstan, the United Arab Emirates and other countries.
The launch of the new production will provide about 1,500 new jobs; over 8,000 people will be attracted to the service infrastructure.
Jizzakh cement plant is part of the Almalyk Mining and Metallurgical Combine. It was built in cooperation with the Turkish Dal Teknik, the opening took place on March 29, 2019. The capacity of the enterprise now allows annually producing 350,000 tons of white cement and 760,000 tons of portland cement.
The raw materials for the plant are supplied from the limestone quarries of Balikli and Kutarma, located one and a half kilometers from the enterprise.
UTD Holding investment holding was established in early 2019, and its budget for the next two years is more than three billion euros. The founders of the holding are the German Phoenix Group and the family of hereditary businessmen Bayat (Bayat) - seven brothers, three of whom came to Uzbekistan from Germany.
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