The state-owned company Uzmetkombinat has built and commissioned a casting and rolling complex in the city of Bekabad in the Tashkent region of Uzbekistan, the Ministry of Investment, Industry, and Trade has announced. The project cost $834 million. The plant is expected to produce up to 1.04 million tons of products per year. The production…
Bahodir Abdullaev, Chairman of the Board and General Director of JSC “Uzmetkombinat”, held a working meeting with Su Changyun, Director of the Head Office of the China Metallurgical Association. During the discussions, both sides exchanged views on key changes that have occurred in the global metallurgical industry in recent years, reviewed China’s practical experience in…
Bahodir Abdullaev, General Director of JSC “Uzmetkombinat”, held a meeting with a delegation from Raiffeisen Bank (Austria), led by Michael Horak, Head of Corporate Clients in the Metallurgy and Mining-Metallurgy Sectors. During the meeting, Raiffeisen Bank representatives presented the bank’s operations, its approach to international financial markets, and its experience in servicing corporate clients. They…
A delegation from the joint-stock company Uzmetkombinat visited Quzhou Hang Oxygen Gas Co., Ltd., a part of the Chinese Hangyang Group. Today, Hangyang is a leader in China in the production of air separation units and industrial compressors. Globally, the company is recognized as one of the top five manufacturers in the field of cryogenic…
Bahodir Abdullaev, Chairman of the Board of Uzmetkombinat JSC, held a meeting with representatives of the well-known Italian company Danieli. During the visit, Danieli’s Executive Vice President Renato Pezzano discussed expanding cooperation in the metallurgical sector, improving production efficiency, and implementing advanced technologies. The parties reached an agreement to further develop existing projects and jointly…
JSC Uzmetkombinat hosted a meeting with a delegation from the Chinese company Henan Longcheng Group Co., Ltd., one of China’s leading enterprises in the metallurgical industry. The meeting was attended by Bahodir Abdullaev, Chairman of the Board and CEO of JSC Uzmetkombinat. During the talks, the parties discussed ways to expand bilateral cooperation in the…
In January-September, Uzmetkombinat JSC posted a net profit of 188.8 billion sums, down by 15.9% YoY. However, in the third quarter, the company demonstrated a significant profit increase, reaching 167.7 billion sums compared to 21.1 billion sums in the first half of the year. Administrative expenses fell by 27.3%, totaling 176.7 billion sums, while interest…
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…