Singapore Expands Textile Production In Uzbekistan

A person familiar with the "P > O" zbekyengilsanoat national Joint Stock Company (Uzbek light industry) revealed that the second phase of the "a" target= "_blank" href= "//www.sjfzxm.com/" > textile "/a" production started in Fergana, Uzbekistan, which was invested by Singapore Indorama industrial private limited.

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< p > Indorama completed the first stage of textile production in 2011, valued at about 30 million US dollars, which is cotton fiber processing.

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< p > the well-informed source said that after the second phase of the $31 million completion, the capacity of the cotton fiber processing enterprise increased by 5000 tons to 15000 tons of cotton fiber per year.

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< p > this project has received 25 million dollars of direct investment and foreign bank project financing in Singapore.

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< p > Swiss Corporation Lida provides equipment for this textile comprehensive enterprise.

The implementation of this project will ensure that the processing capacity of cotton fiber can be increased to 10000 tons / year.

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The registered capital of the P Indorama Kokand textile joint venture is US $20 million, of which Indorama has 75% of the stock and 25% of the state foreign economic activity bank.

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Before P > 2016, the Uzbekistan government provided zero tariff preferences for the import of technical equipment, moulds, spare parts, fittings and building materials for the joint venture.

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"P" Uzbek light industry public shareholding company will invest 106 projects in 2011-2015 years according to the industrial development plan, with an investment amount of US $1 billion 678 million.

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< p > Uzbekistan is the world's sixth largest cotton "a href=" //www.sjfzxm.com/news/index_s.asp "fiber > /a" producing country and the third largest exporter.

The average annual output of raw cotton seeds is 350-370 tons and cotton fiber is 100-120 tons.

More than 75% of cotton fiber is used for export.

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