Uzbekistan’s Uzmetkombinat and global financial institution Citi have signed a memorandum of understanding (MoU) to expand cooperation in international debt capital markets. The document was signed following a meeting in New York on July 24 attended by Uzmetkombinat Chairman and Chief Executive Officer Bakhodir Abdullayev, Deputy Chairman for Finance, Economics and Transformation Hasan Khaydarov, and…
A delegation from Baosteel Europe GmbH visited Uzbekistan’s Uzmetkombinat for working talks on expanding cooperation, implementing investment projects and introducing modern technologies in the metallurgical sector. During the visit, the delegation toured the company’s production facilities, including its casting and rolling complex. The parties discussed expanding mutually beneficial trade and economic cooperation, exchanging expertise and…
International rating agency Fitch Ratings has downgraded the long-term Issuer Default Rating (IDR) of JSC Uzbek Metallurgical Plant (UMK) to “B” from “B+”. The rating outlook remains Positive. The agency attributed the decision to a slower-than-expected ramp-up of the new flat-rolled steel production complex to its design capacity. According to Fitch, reaching planned targets will…
President of Uzbekistan Shavkat Mirziyoyev participated in the commissioning ceremony of a new casting and rolling complex at the Uzbek Metallurgical Plant (Uzmetkombinat) during a trip to Bekabad. The new production facility has become the country’s first project for the production of hot-rolled sheet metal. Speaking at the ceremony, the head of state congratulated the…
JSC Uzmetkombinat significantly improved its financial results in the first quarter of 2026, posting a net profit of 116.5 billion sums compared to 10.1 billion sums in the same period last year, according to corporate reporting. At the same time, the company’s revenue declined by 4.8%, to about 1.4 trillion sums. Despite this, gross profit…
A delegation from China’s Liaoning Mineral Metallurgy Group, a company operating in the metallurgy and mineral resources sector, visited Uzmetkombinat JSC. During the visit, the delegation familiarized itself with the plant’s production processes, applied technologies, and main areas of activity. Within the framework of the talks, the parties discussed prospects for expanding cooperation, including the…
The joint-stock companies “Navoiyuran” and “Uzmetkombinat” have reached an agreement to develop mutually beneficial cooperation in the field of industrial cooperation. The parties plan to implement joint investment projects focused on localizing the production of drilling equipment used in uranium extraction. The agreement is aimed at improving production efficiency and expanding the output of goods…
JSC Uzmetkombinat is actively working to expand international cooperation and strengthen its position in foreign markets. The company is currently negotiating with Turkish enterprises Albitra, specializing in pipe production, and Tekfem Demir Celik, engaged in trade and processing of metal products, regarding the export of hot-rolled coil products. Implementation of the agreements reached will allow…