Uzbekistan: Uzmetkombinat discusses new technology implementation with Danieli

UzmetkombinatBy admin 12.11.2025 Leave a comment

Bahodir Abdullaev, Chairman of the Board of Uzmetkombinat JSC, held a meeting with representatives of the well-known Italian company Danieli. During the visit, Danieli’s Executive Vice President Renato Pezzano discussed expanding cooperation in the metallurgical sector, improving production efficiency, and implementing advanced technologies. The parties reached an agreement to further develop existing projects and jointly…

Uzbekistan: Uzmetkombinat and China’s Henan Longcheng Group discuss prospects for cooperation

UzmetkombinatBy admin 05.11.2025 Leave a comment

JSC Uzmetkombinat hosted a meeting with a delegation from the Chinese company Henan Longcheng Group Co., Ltd., one of China’s leading enterprises in the metallurgical industry. The meeting was attended by Bahodir Abdullaev, Chairman of the Board and CEO of JSC Uzmetkombinat. During the talks, the parties discussed ways to expand bilateral cooperation in the…

Uzbekistan: Uzmetkombinat net profit down in January-September 2025

UzmetkombinatBy admin 30.10.2025 Leave a comment

In January-September, Uzmetkombinat JSC posted a net profit of 188.8 billion sums, down by 15.9% YoY. However, in the third quarter, the company demonstrated a significant profit increase, reaching 167.7 billion sums compared to 21.1 billion sums in the first half of the year. Administrative expenses fell by 27.3%, totaling 176.7 billion sums, while interest…

Uzbekistan: Uzmetkombinat secures EUR 132.5 million to launch first hot-rolled coil production

UzmetkombinatBy admin 09.10.2025 Leave a comment

Uzmetkombinat JSC has signed a EUR 132.5-million seven-year loan agreement in London to complete the construction of its Casting and Rolling Complex – the first hot-rolled coil production facility in Uzbekistan. The financing was arranged by Standard Chartered Bank (United Kingdom) and KfW IPEX-Bank GmbH (Germany), with insurance coverage provided by the Islamic Corporation for…

Uzbekistan: Bahodir Abdullaev appointed Uzmetkombinat CEO

UzmetkombinatBy admin 14.08.2025 Leave a comment

The Supervisory Board of Uzmetkombinat has appointed a new Acting Chairman of the Management Board – Chief Executive Officer of the company. Bahodir Abdullaev has been named Acting Chairman of the Management Board – CEO of Uzmetkombinat, the press service of the Chamber of Commerce and Industry reports. Abdullaev, an entrepreneur from Namangan, replaces Dilshod…

Uzbekistan: Uzmetkombinat profit down in H1 2025

UzmetkombinatBy admin 04.08.2025 Leave a comment

The net profit of Uzmetkombinat JSC totaled 21.1 billion sums in the first half of 2025, a sharp decline compared to 261.3 billion sums in the same period of last year. Revenue dropped by 23.1%, to 3 trillion sums. Foreign exchange gains decreased from 160.4 billion to 126.2 billion sums, while losses from exchange rate…

Uzbekistan: Uzmetkombinat and Uzvtorzvetmet to be stripped of exclusive rights

Uzmetkombinat, UzvtorzvetmetBy admin 05.06.2024 Leave a comment

On June 3, the president of Uzbekistan signed a decree to cancel the exclusive rights previously provided to certain enterprises. This is a part of obligations to the World Trade Organization. From next year Uzmetkombinat JSC will not have an exclusive right to purchase ferrous metals scrap and waste within the country, while Uzvtorzvetmet JSC…

Uzbekistan: Uzmetkombinat to make 940.1 billion soums worth of import-substituting products

UzmetkombinatBy admin 04.03.2024 Leave a comment

At the end of the year, products worth 940.1 billion soums will be made under the localization program, Doniyor Shodiyev, head of “Uzmetkombinat” JSC, has declared. Additionally, new projects will acquire A-500 rebars worth 763.8 billion soums. The republic’s import volume will be acceptable at $60.4 million. Until the end of 2024, import-substituting products worth…

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