Uzbek chemicals facility receives cash injection

15/10/2001

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.