A new joint venture, Indorama Kokand Fertilizers will be created in Uzbekistan at Kokand Superphosphate plant. The company, created together with Indorama, a Singaporean group of companies, will produce mineral fertilizers using latest technologies, the press service of Competition Committee said.
The 75 percent of shares will be owned by Singaporean group. The project also provides for the organization of production of new mineral fertilizers, not previously produced in Uzbekistan, such as dicalcium phosphate, potassium sulphate and potassium nitrate.
The project with a total of over $ 80 million investment will be implemented in several phases within 5 years.