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Location:
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Sector:
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Industrial
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Total cost:
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$ 230 mln
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Chinese partner:
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Exim Bank Poly Technologies Inc. |
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Uzbekstani partner:
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Uzkimyosanoat Fund for Reconstruction and Development of Uzbekistan |
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Construction start:
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2015
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Putting into commission:
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2018
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The Export - Import Bank of China is a state-owned policy bank with the status of an independent legal entity. EXIM Bank plays a crucial role in promoting steady economic growth and structural adjustment, supporting foreign trade, and implementing the “going global” strategy.
Uzkimyosanoat is a chemical enterprise of the Republic of Uzbekistan which develops and implements industrial, innovative, marketing programs for the development of chemical enterprises, thereby creating the conditions and prerequisites for sustainable development of the industry as a whole.
Fund for Reconstruction and Development of Uzbekistan is a Sovereign Wealth Fund.
The project envisages the construction on the site of JSC Rezinotekhnika’s technological capacities for the production of 3 mln automobile tyres, 200,000 agricultural tyres and 100,000 running meters of conveyor belt per year. [1]
The project is aimed at the production of tires for passenger cars in the first stage, and the production of conveyor belts and tires for agricultural machinery at the second stage. The construction period is 34 months.
The construction, worth a total of $230 million, is financed with the help of foreign loans, a loan from the Fund for Reconstruction and Development of Uzbekistan (FRDU) and Uzkhimprom's own funds. [2]
http://rubberjournalasia.com/uzhimprom-to-construct-tyre-plant-in-uzbekistan/