Tim McGraw said that the US company and Navoi Mining and Metallurgy Combine signed a memorandum on creation of the joint venture on production of submersible pumps for uranium mining.

Denmark’s Grundfos and Germany’s Grupart will participate in creation of the venture. The sides are planning to sign constitutive documents next week.

New enterprise will be located at the Navoi free industrial and economic zone. The plant will produce 2,500 pumps a year, which will fully satisfy Uzbekistan’s demand to this product.