Volume of chemical production in Uzbekistan increases

Uzbekistan Materials 18 November 2021 13:10 (UTC +04:00)

BAKU, Azerbaijan, Nov 18

By Natavan Rzayeva - Trend:

Volume of chemical production in Uzbekistan has increased 1.5 times over the past five years, Trend reports referring to the press service of the head of state.

At the meeting devoted to the analysis of the ongoing work and the discussion of new projects in the chemical industry, President of Uzbekistan Shavkat Mirziyoyev noted that the volume of industry exports increased from $190 million to $310 million over the past five years.

At the same time, the total net profit of chemical production enterprises by the end of this year could grow more than eight times.

The enterprises will produce new types of products: liquid complex fertilizers, urea-formaldehyde resin, hydroxypropyl methylcellulose, calcium chloride.

It is planned to reduce production costs by the digitization of the industry, reducing operating costs and energy consumption of enterprises by next year, and as a result, to bring production to 12 trillion soums ($1,1 billion) and exports to $380 million.

The implementation of four large chemical production projects worth $ 740 million has begun.

Over the past five years, 16 investment projects worth $2.1 billion have been implemented in the chemical industry, 3,000 new jobs have been created.