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…
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…
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…