NEWS AND EVENTS
September 14, 2009
Uzkimyosanoat to launch tyres production in Angren
Uzkimyosanoat plans to launch a production of tyres for needs of agriculture industry. The cost of the project is US$51 million.
New production capacities are planned to be launched at Rezinotekhnika open joint-stock company. The designed capacity is 200,000 tyres and 75,000 meters of conveyer belt for harvesting technologies a year.
Fund for Reconstruction and Development will allocate US$30 million to finance the project, while commercial banks will issue US$15.9 million. Uzkimyosanoat will direct US$5.1 million for realization of the project.
Currently, the negotiations are underway with equipment suppliers. It is planned to launch production in the first quarter of 2010.
Uzbekistan fully imports agriculture tyres from the CIS states, including Russia, and China.