07 января 2017

The first seven companies are launched in Navoi Free Industrial Economic Zone

On December 2, 2008 Decree of the President of the Republic of Uzbekistan “On establishment of free industrial economic zone in Navoi region” was adopted. During the past two years intensive works has been carried out to create legal base, required infrastructure and to attract foreign investments. Specific result of the efforts for now is the launch of the first 7 projects. The first seven enterprises represent different directions of production, in particular electronics, production of automotive parts, polymers processing, food industry and production of cosmetics. “AgroFresh” joint venture created by State Foreign Trade Company “Markazsanoateksport” in partnership with foreign investor – “Kefayat General Trading Co” (UAE) specializes in storage and packaging of fruit and vegetable production. Enterprise is equipped with modern controlled-atmosphere refrigerating equipment with capacity of 3 000 tons. Total cost of the project is 5.03 million US dollars. More than 20 new workplaces are created. The enterprise will be exporting about half of its production. “Telecom Innovations” joint venture which is created between “Uzbektelekom” JSC and Singaporean “Servetechno Pte. Ltd” has annual production capacity of 50 thousands Set-top box receivers for digital television. Total cost of the project is 1.6 million US dollars. The enterprise employs more than 30 young specialists, mostly graduates of local professional colleges. Two more plants are subsidiaries of Shurtan Gas Chemical Complex. The first plant producing polyethylene pipes has production capacity of 8.6 thousands tons pipes of different sizes. Total cost of the project is 7.2 million US dollars. The project created 70 new workplaces. In its full production capacity export volume of the plant will be 5.9 million US dollars. The other plant has annual production capacity of 2 300 running meters of polypropylene pipes of different sizes. Total cost of the project is 5.2 million US dollars. The enterprise employed more than 40 young specialists - graduates of local professional colleges. 50% of the production will be exported. “UzЕгаеCable” joint venture created by “Uzavtosanoat” JSC and Korean company - “Erae cs Ltd”, annually produces 150 thousand kilometers of automotive wires. Total cost of the project is 13 million US dollars. Main consumer of the production is JV “UzKodje” that supplies automotive wiring harness to “GM Uzbekistan” plant. The remaining 20% of the production is to be exported to General Motors plants in the neighboring countries. “UzMinda” JV, created by “Uzavtosanoat” JSC and Indian “Minda Capital” produces speedometers and security systems for automobiles with perspective of further extension of production nomenclature. Production capacity of the enterprise is 251 thousands automobile sets. The enterprise creates 195 new workplaces - 191 for local specialists. Another enterprise that started to operate in “Navoi” FIEZ is “Navoi Beauty Cosmetics” JV founded by “Navoiazot” OJSC and Korean “DK Cosmetics” company. The new plant will be annually producing more than 2.1 million units of production of cosmetics and cleaning agents. The enterprise will employ 42 people. All the new enterprises are equipped with modern, high technology equipment and produce competitive production. Currently there are additional projects under realization in Navoi FIEZ. In the next stage launch of more projects is planned. These projects will be on production of different production such as energy saving and LED lamps, LCD monitors, electronic gas metering equipment, pharmaceutical production, automobile compressors and alternators, hygienic items and cosmetic production.