Displaying items by tag: Uzpromstroymaterialy

Uzbekistan: Producers sold 15.0Mt of cement in the first eight months of 2020, up by 105% year-on-year from 7.33Mt over the corresponding period of 2019. Sales fell by 44% in value to US$67.6m from US$120m due to deflated demand, according to Trend News.

Uzpromstroymaterialy head Botir Khuzhabekov said, “In 2019 cement production amounted to 11.0Mt. By the end of 2020, it is planned to bring production to 20.0Mt of cement of grades 400, 500, and 600.”

Uzbekistan: Uzpromstroymaterialy and South Korea-based Caris have formed an 80:20 public-private partnership for the establishment of a 1.5Mt/yr integrated cement plant in Berinuy region at a cost of US$350m. The Cement and Applications Journal has reported that the upcoming plant, called the Caris Karakalpak Cement, will generate sales worth US$182m/yr and profit of US$126m/yr, according to the owners.

Uzbekistan: The government has announced the sale of shares in UzAssets, an investment company founded to privatise its 36% stake in Qizilqumsement. The Information Agency of the Ministry of Foreign Affairs of the Republic of Uzbekistan (DUNYO) has reported that Qizilqumsement is a 51% subsidiary of Uzpromstroymaterialy, with the remainder held by private minority shareholders. Qizilqumsement operates the 3.8Mt/yr Qizilqumsement cement plant in Navoi, Navoiy Region.