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…
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…
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…
Uzmetkombinat and Tropidia Holding B.V. have created Pro Farro LLC. Its main tasks are to process liquid slurry and metallurgical waste and produce construction materials for cement industry. The enterprise will be launched this year. Uzmetkombinat investments in the construction and equipment will amount to $3 million. Slurry processing will reach 100% and metal waste…
Uzmetkombinat intends to export its products to Europe, where free niches appeared after the suspension of deliveries from Russia, Belarus and Ukraine. The company has opened a trading office in Vilnius and plans to supply rebars and wire rod to the Baltic States via railroad and by trucks, as well as to the Northern and…
Uzmetkombinat shareholders decided to spend the profit for 2021 to increase charter capital. Last year, the company profit exceeded 1.5 trillion sums, up 7-fold YoY. The growth was driven by local demand and drop of imports. Until 2026, Uzmetkombinat intends to increase its capacities 2.5-fold. (Ukrainian metal)
On January 28, Uzmetkombinat, the largest ferrous metals producer in Uzbekistan, finalized a deal to buy 51% of shares of Li Da Metall Technology LLC. The deal was financed from the company own funds. Li Da Metall Technology is situated in Akhangaran. It was launched in 2020 by a Chinese investor. The company produces A400-A500…
Uzbekistan’s leading ferrous metal producer Uzmetkombinat is set to organize a debut issue of corporate bonds. A corresponding agreement was signed with Freedom Finance on September 30 on the sidelines of the Economic Forum in Tashkent. The company also inked an agreement with the consulting firm EY on providing consultations to the joint-stock company on…