The Government of Uzbekistan has approved the main technical and economic parameters of the feasibility study of the Modernization of the Foundry Capacities through Construction of a new foundry at JSC UzbekKimyoMash Plant Project.
According to the resolution of the Cabinet of Ministers, the modernization of the foundry will be completed by December 2019.
The project cost is US$ 23.77 million, while, the investments for the equipment will be US$ 12.76 million.
The project is financed through the US$ 20 million loan from UzSanoatQurilish bank and own funds of JSC UzbekKimyoMash of US$ 3.77 million.
The annual capacity of the plant after modernization will amount to 4 thousand tons of suitable casting, of which 0.5 thousand tons of products will be supplied to foreign countries.