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Economy 03/01/2013 Uzbekyengilsanoat to implement several projects in 2013-2016
Uzbekyengilsanoat to implement several projects in 2013-2016
Tashkent, Uzbekistan (UzDaily.com) -- Uzbekyengilsanoat state joint stock company (Uzbek Light Industry) will implement several new investment projects in 2013-2016.

In particular, Uzbekyengilsanoat and YoungOne Corporation (South Korea) are planning to launch capacities on production of ready textile goods. New capacities will be created in Samarkand and Tashkent regions. The project cost is US$104 million.

South Korean company ТМС. Со will participate in a project on creation of capacities on production of equipment for hosiery products. The project cost is US$1 million. The project will be realized till the end of 2016.

Turkey’s TTM Makine will implement a project on production of textile equipment in Uzbekistan with the cost of US$5 million in 2013-2016.

KKC Corporation (South Korea) will organize dyeing and decorating capacities with the cost of US$3 million on the base of Bukhorotex joint stock company. Korean Industrial Technologies Institute will implement similar project. The project cost is US$3 million.

Singapore’s Verigrow Pte.Ltd will realize a project on creation of silk complex in Namangan project by the end of 2016. Some US$10 million will be invested into the project.

Indorama Pte.Ltd (Singapore) will implement a project one expanding of capacities of Indorama Kokand Textile with the cost of US$31 million. The project will allow to additionally process 5,000 tonnes of cotton fiber.

China’s JingJang will implement a project on organization of textile complex on production of ready-made garments on the base of Namangan-based Art Soft Tex in 2013-2016. The project cost is US$79 million.

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