Indorama to create joint venture on fertilizers production in Uzbekistan
30/12/2016 22:23
Indorama to create joint venture on fertilizers production in Uzbekistan
30/12/2016 22:23
Tashkent, Uzbekistan (UzDaily.com) -- Singaporean company Indorama will create a joint venture on production of fertilizers in Uzbekistan.
The State Committee of the Republic of Uzbekistan for Privatization, Demonopolization and Development of Competition (the State Competition Committee) and Indorama signed a decree on creation of new joint venture Indorama Kokand Fertilizers.
Share of Indorama in the joint venture will make up 75%. New enterprise will be created on the base of Qoqon Superfosfat Zavodi.
The venture will produce mineral fertilizers based on modern technologies. The project envisages modernization of existing capacities and launching of production of new types of fertilizers, which are not produced in Uzbekistan, such as dicalcium phosphate, potassium sulfate and potassium nitrate.
The project with total investment volume of over US$80 million will be realized in several stages within five years.
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