BAKU, Azerbaijan, Nov. 4
By Fakhri Vakilov - Trend:
In the near future, Uzbekistan’s Uzvtortsvetme factory for the preparation and processing of scrap, non-ferrous metal waste intends to enter the markets of the countries of the Asia-Pacific region with its products, Trend reports citing the company's press service.
The plant is already negotiating with partners from China, India, Malaysia, Indonesia and Singapore.
In particular, Thai Win Global Metal Co company is ready to purchase aluminum from Uzvtortsvetmet. According to preliminary agreement, the first transaction may take place before the end of this year.
The main importers of the plant's products today are the Baltic countries, England, Turkey, the CIS countries, as well as Hong Kong. This year, Uzvtortsvetmet first delivered its products to Afghanistan and Pakistan, as well as neighboring Tajikistan. Among the strategic partners of the enterprise are large metallurgical giants from Turkey, the USA, Germany, Canada, India, Japan, Great Britain and Switzerland.
“For the first nine months of this year, export of Uzvtortsvetmet exceeded $15 million. These are mainly secondary alloys of aluminum, copper, brass and lead. In addition, the plant sends for export scrap and waste nickel, titanium and magnesium. This is the waste that is currently not recycled in the country. It is exported to the CIS countries and Europe,” the company said.
Uzvtortsvetmet JSC is the only specialized enterprise in Central Asia that collects and processes scrap, non-ferrous metal waste, and also produces non-ferrous metal alloys and consumer goods.
In Sept. 2018, the state share in the authorized capital of the enterprise was transferred to the trust management of the foreign company SFI Management Group.
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