Uzbekistan: Usmanov deprived of metal works in Tashkent

The Supreme Court of Uzbekistan has excluded two Cyprus offshore companies – Metalloinvest Holding (Cyprus) Limited (41.87%) and Miramonte Investments Limited (8.23%) – from the list of the Tashkent Iron and Steel Works founders. Both of them belong to the Russian oligarch Alisher Usmanov and had a controlling stake between them. The Fund of Reconstruction…

Uzbekistan: Italian equipment promising giant boost for metal industry

Technological equipment of the Italian company Danieli will be used for the production of cold-rolled steel with protective coatings at the Tashkent Metallurgical Plant (TMP), the Uzbek company reported. According to the information, the total production of the enterprise will amount to 500,000 tons of metal products per year, of which 200,000 tons will account…