Displaying items by tag: Kyzylkumcement

Uzbekistan: President Shavkat Mirziyoyev has approved a list of companies with state-owned shares to be sold to foreign investors. It includes the country’s 35.9% stake in Kyzylkumcement. Other sectors the government is divesting its shares in include insurance, banking, power generation, oil & gas and soft drinks.

Uzbekistan: The largest cement plant in Central Asia has been commissioned in the Sherabad district of the Surkhandarya region of Uzbekistan. Construction of the Sherabad cement plant has been carried out by Almalyk Mining and Metallurgical Combine (AMMC) JSC. The cost of the project was US$212.8m and its capacity is 1.5Mt/yr. The majority of the cement produced will be directed toward domestic demand. The Turkish DAL Teknik Makina Ticaret ve Sanayi AS company also participated in the construction of the plant.

The project was paid for by AMMC's own funds (US$24.4m), a loan issued by the Fund for Reconstruction and Development of Uzbekistan (US$90m) and loans from commercial banks (US$110.6m).

There are currently five large cement plants in Uzbekistan: Kyzylkumcement, Akhangarancement, Kuvasaycement, Bekabadcement, Jizzakh cement plant, as well as a number of small enterprises. Their total capacity exceeds 8.5Mt/yr. Over the next five years, Uzbekistan plans to increase its national capacity to 17Mt/yr, double the current level.

Companies with projects under construction or in the planning process include Russia’s Eurocement Group, which is building a US$220m dry process plant with a capacity of 2.4Mt/yr. Two more cement plants will be built with funds from Chinese investors. The first is being built by the Xin Lei enterprise in the Akhangaran region. It will have an annual capacity of 1.0Mt/yr at cost of US$108m. The other will be established by Akhangaranshifer at a cost of US$100m, also with a capacity of 1.0Mt/yr.

Uzbekistan: Uzbekistan plans to increase cement production from 7.5Mt/yr in 2014 to 7.9Mt/yr in 2015. Production is expected to reach 8.9Mt/yr by 2019. Within a programme of measures on structural reforms, modernisation and diversification of cement plants will take place in 2015 – 2019. Kyzylkumcement will invest US$30.7m to update equipment, while Bekabadcement will invest US$5.5m to modernise its milling technology.