Tajikistan/Uzbekistan: Chinese cement producer Shangfeng Cement plans to raise US$240m through a non-public share offering. It will be used to partly fund investments in Central Asia. A total of US$130m will be invested in projects in Tajikistan, US$137m will be invested in projects in Uzbekistan and US$16m will be used to replenish working capital.
The first phase of the Tajik project, with a construction period of 18 months, will be capable of producing 0.96Mt/yr of clinker and 1.2Mt/yr of cement. Its products will be sold in southern and central Tajikistan, Uzbekistan and northern cities in Afganistan.
The Uzbek project will be the same size, with its products sold to eastern Uzbekistan, southern Kyrgyzstan and northern Tajikistan.