Uzbek chemicals facility receives cash injection
The JSC Djizzakohak in Uzbekistan is to be modernised thanks to investments from foreign stockholders enabling yearly production of lime to reach 80,000 tons at 70-95% calcium concentrate. The net profit from the lime production, which is produced from local raw materials, is expected to reach Soms800-900 million ($1.9-2.1 million).
The foreign stockholders are US firm Stenfordcapital and Swiss investors Agro IL Ag–Tashkent who between them own 49% of JSC Djizzakohak. Asakabank also provided additional funding of Soms80 million ($190,000) for the project.