Peng Sheng will organize production of leather products with the capacity of 120 million square decimeters by the end of the third quarter of 2012. The company invests US$2.35 million to this project, which will create 100 new jobs.
In 2013-2014, the company will direct US$100,000 million into project on organization of footwear production (second phase) with the capacity of 50,000 pairs of footwear a year. The project will create 15 additional jobs.
Peng Sheng JV LLC with charter capital of US$3 million was founded by Wenzhou Jinsheng Trade Co., Ltd (China) and Sinlong LLC (Uzbekistan) on parity terms.
In October 2010, Peng Sheng JV LLC commissioned new integrated production complex on manufacturing leather-shoe and construction materials in Syrdarya region.
This multiple-discipline enterprise will process raw leather and produce footwear and ceramic tiles.
The venture can process 600,000 units of cattle leather, produce 400,000 pairs of footwear and 4 million square meters of ceramic tiles a year.