In January-August Uzbekistan Iron and Steel Works exported 275.6 thousand tons of metal products, up by 12.2% YoY. Ferrous metals accounted for the lion’s share of exports. Enamelware accounted for the rest. “At present the company exports to 8 countries. Afghanistan and Kazakhstan purchase rolled metal, Kyrgyzstan and Russia – copper and alloys products, Tajikistan…
Uzmetkombinat will spend 30% of its net profit (21.1 billion sums) for 2017, or 488 sums for one ordinary share and 30% for 2018 – 101.9 billion sums or 2353.8 sums per share. 65.2% of net profit for 2018, or 286.4 billion sums, will be spent on the development of the company. In 2018 Uzmetkombinat…
Danieli has received an order to supply machinery for the foundry-rolling complex at the Uzbekistan Iron and Steel Works in Bekabad, Tashkent region. The construction will commence in August. The project presupposes the construction of a 120-ton electric arc furnace, a ladle furnace and steel degassing unit. Slabs will be manufactured at the vertical continuous…
The Uzbekistan Iron and Steel Works (Uzmetkombinat) has launched the country’s first production of carbon steel wire (wire rod). The implementation of this project will make it possible to produce import-substituting products worth at least $43.7 million a year, and to increase the annual export potential of the plant by 30,000-50,000 tons of products with…
The bar rolling shop No. 2 of the Uzbekistan Iron and Steel Works is finishing the project to organize manufacture of carbon steel rolled wire. The main machinery has already been assembled at the mill-300. Commissioning is scheduled for April 15. As the result of the project the company will be able to produce rolled…
On August 29 the Uzbekistan Iron and Steel Works launched a workshop for the production of ferroalloys. The launch ceremony was attended by the President Shavkat Mirziyoyev, employees of the enterprise, representatives of the government of Uzbekistan and foreign investors. The cost of the implemented project is $60 million, the workshop is equipped with up-to-date…
In January-March Uzbekistan Iron and Steel Works received 83.5 billion sums of net profit, up 6.5-fold YoY. Net revenue from sales grew 3-fold, to 872.7 billion sums, and gross profit – 3.1-fold, to 241.4 billion sums. The works was commissioned in 1944. In 1994 after the merge with the Shirin Machine-Building Works and the Vtorcherment…
The Russian group of companies MetProm will design the modernization project for Uzbekistan Iron and Steel Works. The Uzbek party will have received the project documentation by October. The project presupposes the construction of two steelsmelting furnaces, two steel-treating furnaces and a casting-rolling complex. The modernization cost is estimated at $550 million. After the modernization…
