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…
Since the start of the year, Uzbekistan Iron and Steel Works has produced 568.061 thousand tons of electric steel, up by 4.1% from the target. Rolled metal manufacture exceeded the plan by 1.7% (596.802 thousand tons). Compared with January-July 2020, steel production rose by 2.9%, but rolled metal dropped by 2.2%. (Ukrainian metal)
In 2023, Uzbekistan Iron and Steel Works intends to hold its IPO at a foreign exchange. The corresponding roadmap was approved by the Ministry of Finances and the deputy Prime Minister Jamshid Kuchkarov. Uzmetkombinat has also started work on issuing eurobonds. The company is negotiating the issue with a number of investment banks. Prior to…
In January-March, Uzbekistan Iron and Steel Works produced 236.38 thousand tons of electric steel, up by 2.1% from the target. Rolled metal output totaled 249.4 thousand tons, including 43.9 thousand tons produced in the shop No. 1, of which 42.8 thousand tons were milling balls. The shop No. 2 produced 200.2 thousand tons of bars.…
Steel wire shop of Uzbekistan Iron and Steel Works successfully met all the manufacturing targets in February. The shop produces wire with the diameter of 1.8, 2, 2.8, 3, 4, 5, 6.3 and 8 mm, which is in high demand. In February wire rod manufacture totaled 849 tons. Metal wares and electrode sites of the…
This year Uzmetkombinat intends to increase exports to 350 thousand tons. The demand for the company products is growing. At MetalExpo Uzmetkombinat has held negotiations with the Russian Gallaktika and Metr companies, which have decided to buy Uzbek non-ferrous metals, while Ukrainian Sodruzhestvo showed interest in steel mill balls and rebars. Deliveries to the companies…
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…