Uzmetkombinat will spend 30% of its net profit (21.1 billion sums) for 2017, or 488 sums for one ordinary share and 30% for 2018 – 101.9 billion sums or 2353.8 sums per share. 65.2% of net profit for 2018, or 286.4 billion sums, will be spent on the development of the company. In 2018 Uzmetkombinat…
The Uzbekistan Iron and Steel Works (Uzmetkombinat) has launched the country’s first production of carbon steel wire (wire rod). The implementation of this project will make it possible to produce import-substituting products worth at least $43.7 million a year, and to increase the annual export potential of the plant by 30,000-50,000 tons of products with…
The bar rolling shop No. 2 of the Uzbekistan Iron and Steel Works is finishing the project to organize manufacture of carbon steel rolled wire. The main machinery has already been assembled at the mill-300. Commissioning is scheduled for April 15. As the result of the project the company will be able to produce rolled…
According to Uzmetkombinat investment program for 2019, the construction of the casting and rolling plant with the capacity of 1 million tons of rolled metal per year will cost $50.6 million. The overall cost of the construction is $461.1 million. The project will be financed by Gazprombank and other foreign banks. The plant will produce…
Uzmetkombinat JSC, the Uzbek metallurgical plant, intends to implement 13 projects worth a total of $474.5 million in 2018-2022. The government of Uzbekistan issued a “Decree on measures for the implementation of investment projects and the effective use of objects of Uzmetkombinat JSC”. In particular, the company intends to build a casting and rolling complex…
On August 29 the Uzbekistan Iron and Steel Works launched a workshop for the production of ferroalloys. The launch ceremony was attended by the President Shavkat Mirziyoyev, employees of the enterprise, representatives of the government of Uzbekistan and foreign investors. The cost of the implemented project is $60 million, the workshop is equipped with up-to-date…
The government of Uzbekistan has allowed SFi Management Group to manage two largest metal works – Uzmetkombinat and Almalyk Mining and Processing Works. The task of the company is to effectively carry out investment projects, increase the share of high added value products, optimize import expenses and decrease prime cost. The agreement between Almalyk and…
In January-March Uzbekistan Iron and Steel Works received 83.5 billion sums of net profit, up 6.5-fold YoY. Net revenue from sales grew 3-fold, to 872.7 billion sums, and gross profit – 3.1-fold, to 241.4 billion sums. The works was commissioned in 1944. In 1994 after the merge with the Shirin Machine-Building Works and the Vtorcherment…
