Uzmetkombinat JSC has signed a EUR 132.5-million seven-year loan agreement in London to complete the construction of its Casting and Rolling Complex – the first hot-rolled coil production facility in Uzbekistan. The financing was arranged by Standard Chartered Bank (United Kingdom) and KfW IPEX-Bank GmbH (Germany), with insurance coverage provided by the Islamic Corporation for…
The Supervisory Board of Uzmetkombinat has appointed a new Acting Chairman of the Management Board – Chief Executive Officer of the company. Bahodir Abdullaev has been named Acting Chairman of the Management Board – CEO of Uzmetkombinat, the press service of the Chamber of Commerce and Industry reports. Abdullaev, an entrepreneur from Namangan, replaces Dilshod…
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)