SYTCO AG to supply equipment to Uzbek Metallurgy Combine

Tashkent, Uzbekistan (UzDaily.com) -- SYTCO AG (Switzerland) will supply modern technology and equipment to Uzbek Metallurgy Combine to organize production of fasteners for mechanical engineering industry of Uzbekistan.

The combine said it is implanting a project on organization of production of fasteners for mechanical engineering industry of Uzbekistan.

Representatives of SYTCO AG visited the Uzbek plant to hold negotiations and sign agreement on supply equipment within the above mentioned project.

The sides held technical consultations and analyzed technical issues related to implementation of the investment project.

The side signed a contract for the supply of technology and technological equipment with the performance of supervision of installation, commissioning and staff training.

The cost of the investment project is US$ 12 million. The project will be implemented in 2017-2018.

Uzbek Metallurgy Combine will allocate US$4 million to the project and attract US$8 million loans of banks.

The project will expand the range of products and will allow the plant to produce about one and a half thousand tons of fasteners for the machinery industry - bolts, nuts, washers, screws, etc.

Telegram
Subscribe to our Telegram channel to keep in touch with latest news. Open this link in any device and click Join button.