BAKU, Azerbaijan, Dec. 20
By Fakhri Vakilov - Trend:
One-of-a-kind plant in the CIS - for production of polyester putty and polyester glue began to operate in Uzbekistan’s capital of Tashkent, Trend reports with reference to the press service of Uzbekistan’s Ministry of Innovative Development.
The ceremony organized on this occasion was attended by local and foreign industry experts and representatives of the public.
This project was carried out in accordance with a memorandum signed by the Ministry of Innovative Development of Uzbekistan and NOVOL ASIA LLC JV (Poland).
The speakers noted that the new plant for the production of polyester putty and polyester glue is the one of its kind in the CIS countries and is important for the construction industry in Uzbekistan.
Within the framework of the memorandum signed by the parties, a technology transfer was successfully implemented. The total investment amounted to $1.5 million.
NOVOL ASIA LLC JV produces import-substituting and export-oriented products. Multifunctional polyester putty and polyester glue (special glue for marble, granite and other stones) can be effectively applied in various fields.
The NOVOL company established in 1978, is one of the largest manufacturers in Poland. The company uses its experience to establish cooperation with foreign countries. Now, NOVOL brings its expertise and capacities to Uzbekistan.
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