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Economy 19/08/2011 Uzbekistan produces 172,400 tonnes of sugar in 1H 2011
Uzbekistan produces 172,400 tonnes of sugar in 1H 2011
Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan increased production of granulated sugar by 15% year-on-year in January-June 2011, the State Statistics Committee of Uzbekistan said.

According to the State Statistics Committee, the country produced 172,400 tonnes of granulated sugar in the reporting period.

Khorezm Shakar JV OJSC (Khorezm Sugar), largest sugar producer of Uzbekistan, produced 172,406 tonnes of sugar and realized 177,275 tonnes in the first half of 2011.

Khorezm Shakar JV OJSC is largest sugar producer in Uzbekistan. Khorezm Sugar Plant was commissioned in 1998. The cost of the plant is US$83.25 million.

Preliminary plant was designed for processing sugar-beet, which was planned to plant in Uzbekistan. The capacity of the plant was 3,000 tonnes of sugar-beet a day. But low crop pushed to conserve the plant.

Shakar Investment, an Uzbek-Austrian-US joint venture, carried out project on transfer of the capacity to processing of cane sugar with the cost of US$2 million in 2002. Currently, the plant can process 1,000 tonnes of cane sugar a day.

In March 2006, Austria’s SEID Нandelsgesellshaft mbH acquired 99.43% state shares of Khorazm Shakar OJSC for US$17.6 million. Other 0.57% share belongs to individuals and management of enterprise.

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