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Investment Guide for Tashkent
Tashkent City is the capital of the Republic of Uzbekistan. It is located in the north-east part of the country, in the valley of Chirchik River, at 440 – 480 m above sea level. Area of the city is 250 sq. km. The city possesses the highest economical, scientific and cultural potential in the country.
Tashkent is political and economical center of the Republic of Uzbekistan. The office of the President of the Republic of Uzbekistan, legislative chamber of Oliy Majlis, Senate of Oliy Majlis, Cabinet of Ministers, embassies of foreign countries, public organizations, as well as head offices of all the ministries and agencies of the Republic of Uzbekistan are located here.
City consists of 11 districts: Bektemir, Mirzo-Ulugbek, Mirabad, Sabir Rahimov, Sergeli, Uchtepa, Hamza, Chilanzar, Shayhantahur, Yunusabad, Yakkasaray.
As of 1 January 2008, permanent population of the city is 2 180 000 people.
Scientists count twenty five centuries of the history of Tashkent – from first rare settlements to today’s megacity with its high buildings, crowded avenues and flowsof cars. When you approach to the city at night, glow of lights takes half of the sky.
Tashkent was mentioned in Avesta, ancient Chinese sources. It emerged in Chirchik River valley, on the boundary of oasis and prairie, as rendezvous point of farmers and cattle breeders, settled population and nomads for mutual trade. The place appeared to be so successful, that the town survived despite of all sufferings – wars, invasions and sieges. In ancient chronicles, it was known under names of Yuni, Chach, Shash. According to Beruni and Mahmud Kashgari, the proper name of Tashkent appeared in Turkic sources of IX – XII centuries. City always was an interlink between countries of the East and West, North and South. Beneficial geographic position and favorable climate made Tashkent even in ancient times one of the main junction points on trade routes of the Great Silk Road.
Destiny of Tashkent was often dramatic. Stronger neighbors were always attracted by it as a rich trade city. In VII century, Tashkent was ‘summer’ capital of Western Turkic Chaganate, in VIII century, it had been ruined by Arabs, but revived and in the beginning of XIII century city was occupied by Horezmshah Muhammad, who afterwards surrendered it to Kuchlik khan. In XIV century Tashkent was a part of the Empire of Tamerlane who assigned it to his grandson Ulugbek. In XVI century city was owned by Sheybanides, and in the next century it was occupied by Imam Kuli-han of Bukhara who left his vice-regent there. In the beginning of XIX, Tashkent became a domain of Kokand ruler Alim han. And in the same century, city was included into the Russian Empire and became administrative and political center of the Turkestan Region. Finally, in XX century, Tashkent experienced Soviet Power and became absolute capital of Uzbekistan – sovereign and independent state.
Eventually, Tashkent was born under lucky star. The city lives and grows, continuously expanding its boundaries. If in the middle of XIX its population was about 100 000 people, in the beginning of XXI century its number is above 2 million.
In the twentieth century, city has survived two critical events within one generation period. First one was the catastrophic earthquake of 1966 which terminated the era of old one-storied Tashkent. This is reminded by the Courage monument installed in the earthquake hypocentre. Now, only ‘islands’ of old development have left.
Another event which changed the image of both the capital and the entire country was declaration of the Independence of the country. High-rise buildings of glass and metal, multi-level overpass viaducts, new parks, museums, fountains – Tashkent is quickly becoming a modern developed international megapolis.
New architectural image of the capital city has formed. Retaining national traditions of architecture, new buildings are erected to match world standards of urban planning.
The Uzbek capital is called “Orient Star” and “Peace Ambassador”, those names remarkably harmonically conjoin with the essence of the city which symbolically enlightens life of its inhabitants and way of travelers for more than twenty centuries by now.
Growth rate of the basic economic indicators of 2007 (compared with 2006) keeps on high level, with the scope of gross regional product amounting to 4158,9 billion Soums (USD 3300 million), growth rate - 114.7%.
Growth rate in the industry makes up 121,6% (2206,8 billion Soum, or USD 1751,4 million), in consumer goods production – 122,6% (882,9 billion Soum, or USD 700,7 million), investments – 101,0% (856,7 billion Soum, or USD 679,9 million), lease services and construction – 121,0% (581,2 billion Soum, or USD 461,3 million), retail trade – 123,7% (2559,2 billion Soum, or USD 2031,1 million), services – 125,6% (3260,2 billion Soum, or USD 2587,5 million), goods and services export – 145,8% (2597,0 million). Growth of these indicators assisted economical growth of the city.
Growth of gross regional products (GRP) was significantly influenced by such sectors of economy as industry – 1.9%, construction – 1.7%, transport and communication – 4.7%, trade and public catering – 3.5%, others – 2.1%, tax payments and fees – 1%.
In GRP share of the industry makes up 14.2%, construction – 8.3% (7.2%), transport and communication – 16,4% (15,7%), trade and public catering – 13,0% (13,3%), other services – 37,1% (37,0%), taxes – 11,0% (11,9%).
106 branches of 27 commercial banks (20 out of which are branches of republican central institutions and City of Tashkent offices, 6 offices of Tashkent province, and also 80 subsidiaries) operate in Tashkent. As of 1 January, 2008, banking system also includes 227 minibanks, 147 pay desks for public utilities, 575 savings banks, 236 special pay desks and also 47 mobile
For the convenience of banking services provision for the population and commercial banks clients 5 branches, 57 minibanks and 74 specialized pay desks were additionally created.
Aiming at granting small businesses and population with microcredits 21 credit unions and pawnshops operate. In 2007 12 credit unions and 9 pawnshops were granted a license for carrying out an activity.
In 2007 cash turnover in commercial banks’ pay desk amounted to 4263,6 billions UZS, which compared to the similar period of the last year grew by 50,5% or by 1430,6 billions UZS.
Total cash turnover includes inflows from trade in total - 527,6 billions UZS (45,0%), monetary services – 123,7 billions UZS (32,0%), out of which inflow from public utilities fees – 43,4 billions UZS (24,0%) and foreign currency disposal – 437,7 billions UZS (50,7%).
In 2007 positive dynamics of development of industrial production was kept. Growth rate of added value in the industry compared with the similar period of last year made up 112.7%.
As of 1 January 2008, 6304 industrial enterprises operate in Tashkent, out of which 5685 (96,1%) are small business entities. Number of large enterprises is 162, their portion in the total volume of production is 58,7%.
Industrial production volume totally amounts to 2206,8 billion soums (USD 1751,4 million), growth - 121.6 %. Mainly, industrial production volume is influenced by such factors as increase of domestic demands of population and business entities, stabilization of financial position and certain increase of working assets of enterprises as well as increase of real incomes of the population.
Main sectors of industry are: mechanical engineering and metal processing – 31,8% of total production, food industry – 21,6%, light industry – 6,3%, chemical and petrochemical industries – 6,9%, polygraphy – 5,8%, production of construction materials – 6,2%.
Priority directions of development of industrial production of Tashkent city are:
- in textile industry: increase of production of fabrics with width more than 150 cm, blended fabrics with chemical fibers, with special types of finish; introduction of automatic flow lines in spinning production for fiber opening and mixing; introduction of equipment of periodic and continuous action in finishing production of both purely cotton fabrics and for fabrics using chemical fibers and threads;
- in garment industry: increase of production of cotton underwear and light knitted sportive over clothes; enterprises’ equipment with high class circular knitting machines; expansion of production of high comfort outer knitwear; enterprises’ equipment with electronic circular knitting machines;
- in woolen industry: development of production of lightened overcoat and suit fabrics for women and men garments; development of production of woolen yarn for carpets manufacture, and also of production of dress fabrics with various threads and printed patterns; expansion of woolen fabrics range;
- in leather and footwear industry: production of natural leather with set of consumer properties; expansion of high quality footwear for children and youth product range; creation and development of resource-saving technologies on the base of new chemical materials; increase of production of leather garments; expansion and increase of product range of materials for furniture upholstery and car compartments;
- in chemical industry: production of methyldethanolamine (MDA) which is used for cleaning of sulphurous compounds of natural gas and is imported from Russia and Germany; resolving the issue of production of ethylene glycol;
- in pharmaceutical and perfumery industry: increase of production of wide range of medicaments, essential oils used in perfumery on the basis of herbs;
- in construction sector: industrial development of sand and gravel materials:
- in food industry: increase of industrial processing of fruit and vegetable products; industrial processing and packing of meat and dairy production; industrial development of production of gossipol-free cotton oil, food and fodder protein;
- in consumer goods production industry: re-equipment of enterprises producing high-quality furniture, outer children and adult garments, raw silk, carpets, toilet soap and glycerin, etc.;
- in tourism sector: construction and modernization of hotels.
For the period January-December 2007, foreign economic turnover of Tashkent city has grown by 130.2%, totally amounting to USD 5305.3 million (in 2006 – USD 4074.2 million), export made up USD 2596,9 million increasing by 145.8%, import – USD 2708,3 million (118,1%). Tashkent city foreign trade turnover red ink made up 111.4 million USD. Number of participants of foreign economic activity is 3069, including 792 exporters and 2277 importers.
Following changes took place in the structure of export: export of machinery and equipment increased by 175%, food products – by 186.2%, energy resources – by 169.3%, services – by 122.8%, ferrous and nonferrous metals – by 124.2%, export of chemical industry production, consumer goods, textile and knitted goods decreased.
In import structure importation of machinery and equipment decreased by 94.4%, services – by 95.1%, when importation of chemical industry production increased by 114.9%, ferrous and nonferrous metals – by 260%, energy resources – by 210%, food products – by 103.7%.
For the period January-December 2007 growth of foreign trade turnover with CIS countries, such as Russia, Ukraine, Tajikistan, Kazakhstan, totally amounting to 3347.1 million USD was observed. Foreign trade turnover with foreign countries, such as Turkey, Germany, Great Britain, Iran, made up to 1958,2 million USD.
At present transportation services are provided to the population by 6 types of transport: buses, minibuses, taxi, tram, underground and trolley buses. Toshshahartranshizmat Association includes 10 bus parks, 5 taxi parks, 1 tram park, 1 trolley bus park, Aralashgan depot, 3 underground lines – Chilanzar, Yunusabad, Uzbekistan (29 stations with
total length 36.1 km). Number of workers in this sector of services is 10.5 thousand people.
In 2007, the amount of cargo transportation by all means of transport was 104.8 million tons, by 5.3 % more than in 2006. Transport cargo turnover, compared with 2006, increased by 12.1 % and amounted to 10167,4 million tons/km.
Length of tram way system is 149.1 km, trolley bus – 125.6 km, motor transport – 2688 km. Every day, the city transport on 177 routes provides services to 1.5 million passengers.
Tashkent is full of archeological monuments. No other town of the Central Asia has been surveyed by the scientists as the capital of Uzbekistan. If ten years ago, only 39 archeological monuments were in the city, now there are above 240 of them.
The Kukeldash madrasah, a monumental building kept in good condition, stands on the Navoi Avenue, opposite to Chorsu tower hotel on the hill, and behind it the domes of the Juma mosque, the main Tashkent mosque, linked with the name of its builder – Hoji Ahrar, the greatest religious person of the epoch of Tamerlane successors, are seen.
A remarkable monument – Mazar Kaffal Shashi is located in the historical part of the city Hastimom. This simple brickwork building with remains of majolica decoration is crowned with high dome. It is burial place of one of the first Islam preachers in Tashkent, Abu Bakr ibn Ismail Kaffal Shashi living in X century. The mausoleum was built in the sixteenth century above his grave which became the shrine for believers.
To the south of the mausoleum, there is one of the best architecture monuments of the Central Asia of XVI century – the Barak-khan complex including madrasah and two mausoleum, one of which was built above the burial place of the first governor of Tashkent from the Uzbek dynasty of Sheybanids – Suyujikhan. Grandson of Ulugbek, an enlightened ruler, he attracted scientists and poets to his court, and invited as the tutor for his son Barak-khan the famous Herat poet Zaynaddin Vasifi, who wrote of Tashkent: “Anyone who will see that city, will not want to leave it, will cease dreaming of heaven’s pleasures”. At present Religious Administration of Muslims of Uzbekistan is based in the Barak-khan complex.
As of 1 January 2008, 3007 enterprises with foreign investments (FIE) have been registered in Tashkent. The number of operating FIE is 2635, out of which 1033 operate in the industry, 121 - in transportation and communications, 171 - in construction sphere, 725 - in trade and public catering. In 2007, 621 foreign investment enterprises have been established.
National regime for foreign investments has been established in the Republic of Uzbekistan, which provide foreign investments with conditions no less favorable than relevant conditions for investments implemented by legal entities and individuals of the Republic of Uzbekistan.
No.
Description and Purpose of Project
Amount of Project / value of property, shareholding (thousand USD)
Electrical Manufacturing Industry
1
Organization of production of large power photovoltaic power plants (above 2 kW) on the basis of OJSC “Foton”
3600
2
Sale of 45.4% of capital stock of OJSC “Algoritm”
evaluation in progress
3
Sale of 54.92% of capital stock of “Oniks” Joint-Stock Company (production of lighting fixtures, dishware of crystal and glass, electronic appliances)
3 100
4
Finalization of construction of factory for production of 9.4 thousand tons of fibre-optic combined roving cord on the basis of JV “Uzglasseiden”
9 500
Machinery Industry
5
Sale of 50% of capital stock of OJSC “Uzpahtamash” (production of machinery for cotton ginnery industry)
6 567
6
Organization of production of high-quality agricultural machinery on the basis of OJSC “Uzpahtamash”
2 000
7
Sale of 82.75% of capital stock of Tashkent Tractor Factory
evaluation in progress
8
Development and introduction of new transmission for assembly of advanced energy-saturated tractors up to 120 h.p. and more on the basis of Tashkent Tractor Factory
20 000
9
Sale of 99.98% of capital stock of OJSC “Motor Plant”
evaluation in progress
10
Sale of 51% of capital stock of “Tashselmash”
evaluation in progress
11
Sale of 79.52% of capital stock of OJSC “Tehnolog”
evaluation in progress
12
Sale of 95% of capital stock of Suvsanoatmash
evaluation in progress
13
Sale of 47% of capital stock of Suvmash
evaluation in progress
Textile Industry
14
Auction sale of the property complex of JV “Tashtextile”
15 580
15
Auction sale of the property complex of JV “Sagbon Textile”
evaluation in progress
16
Auction sale of the property complex of JV “Aydemir Textile”
evaluation in progress
Footwear Industry
17
Organization of production of 33 million pairs of children shoes on the basis of Joint-Stock Company “TPOO No.1”
300
Production of Construction Materials
18
Auction sale of the property complex of JV “Hobas Tapo”
91 603,1
19
Organization of production of 1.5 million sq.m of facing ceramic tiles with double roasting on the basis of OJSC “TashKSM”
2 000
20
Auction sale of the property complex of JV “Agrokeramika” (ceramic and glazed tiles)
evaluation is in progress
Fruit and Vegetable Products Processing
21
Organization of production of more than 1 thousand tons of tomato paste and ketchup on the basis of Inter Asia LLC
1 000
Food Industry
22
Auction sale of the property complex of JV “Pasta Kamola” (production of bakery and confectionery foods)
792,9
Chemical Industry
23
Auction sale of the property complex of JV “Bioorganic” (production of organic and mineral fertilizers)
4 916
Pharmaceutical Industry
24
Auction sale of the property complex of Meditex LLC
553,3
The list of investment projects proposed for implementation with foreign investors can be changed with time being. Updated information on the projects currently proposed is available on the web site of Uzinfoinvest Agency at: www.investuzbekistan.org
ELECTRIC MANUFACTURING INDUSTRY
1. Organization of production of large power photovoltaic power plants (above 2 kW) on the basis of OJSC “Foton” 1. Information of initiating enterprise:
Name:
“FOTON” Open Joint Stock Company
Location:
Tashkent City
Business Object:
production of semiconductor devices, TV sets, cash registers
Date of establishment:
29.12.1995
Number of employees:
704
Management:
M. Saydumarov
2. Objective of the proposed project:
Organization of production of large power photovoltaic power plants (above 2 kW) 3. Techno-economical parameters of the project:
Project Amount:
3 600 000 USD
Required investment:
3 200 000 USD
Own funds:
400 000 USD
Estimated payback period:
5 years
4. Finished product sale markets: domestic market 5. Available infrastructure and preparation of business plan:
Available infrastructure:
Water and gas supply, power supply, heating
Distance to railway:
2,7 km
Distance to motor road:
1,8 km
Availability of business plan:
not available
ELECTRIC MANUFACTURING INDUSTRY
2. Sale of 45.45 % of capital stock of OJSC “Algoritm” Investment obligations: at least USD 30 million within 3 – 5 years for arrangement of production of ‘brand-made’ export-oriented home goods at the factory. Date of tendering for sale of stockholding: under decision of State Tender Commission 1. Main Information of the Company
2. Information of issue and placement of securities
1. Authorized Capital (thousand Soums):
395 046
2. Total number of issued shares (pcs):
395 046
3. Par value of shares (Soums):
1 000
3. Financial indicators
Indicators
Years
2004
2005
2006
1. Authorized Capital (thousand Soums)
395 046
395 046
395 046
2. Cost of fixed assets (thousand Soums)
2 911 209
2 914 310
1 915 073
3. Payment of dividend (%)
2,8%
-
1,5%
4. Profitability of assets (%)
7,3%
4,7%
10%
5. Gross profit (thousand Soums)
342 029
239 820
235 447
6. Net profit (thousand Soums)
11 196
4 691
18 741
7. Account receivable (thousand Soums)
38 241
106 147
49 608
8. Accounts payable (thousand Soums)
132 328
337 214
834 351
4. Brief description of the company
“Algoritm” Open Joint-Stock Company, established in 1982-1987, is a member of Uzbek Association of Enterprises of Radioelectronic and Electric Industry and Instrumentation “Uzeltehsanoat”. Its total production area is 75 thousand sq.m, total area is 22.9 ha. “Algoritm” specializes in production of electronic, electrical products, home appliances and consumer goods.
The enterprise is located in Tashkent city, in the district with developed system of motor and railway transport. Due to good layout planning, restructuring of the enterprise is possible.
Production infrastructure is in good condition. Reliable power supply, gas and water supply, drainage, treatment facilities are available.
5.Prospective Plans of Enterprise Development
One of global trends of development of last years is active development of information and communication technologies, radio technical and electronic appliances. This sector of world economy including scientific research and development works production and use of computers and other equipment, shows the highest growth dynamics unmatched with other sectors of economy, and serves as some kind of powerful motor of development of all other sectors of production and services.
According to evaluation of CIS experts of information technologies market, Uzbekistan is one of dynamically developing countries of the Central Asia in the field of information and communication technologies. In Uzbekistan, as in the majority of countries of the world, development of the information and communication technologies is acknowledged as strategic direction of social and economic progress – it is given priority in investments, legal regime, human resources supply.
In Uzbekistan up to 200 thousand TV sets, 100 thousand DVD sets, 80 thousand PCs, 1 million mobile and stationary communication devices are sold annually, the program for introduction of commercial electricity metering is in progress (up to 4 million single-phase electronic meters) and many more. All the above products are imported in finished form into country or in form of components for screwdriver assembly.
At present there is no manufacturing factories in the country of full production cycle, but “Algoritm” with its experience of turnaround production cycle could provide the country’s market and related enterprises of the industry with required competitive products, components and units for assembly production of home electronic appliances and devices.
Due to lack of own circulating assets “Algoritm” is unable to independently purchase new competitive goods and products, as large investments are necessary for support of sable financial and production operation of the factory.
In case of investing “Algoritm” is ready to develop the following technologies and arrange in its production facilities:
1. Production of printed-circuit boards for TV, PC motherboards, video and network adapters, communication units, electric meters, etc. – approximate required investment – USD 4.5 – 5.0 million.
2. Production of electronic modules – development of production of SMD (surface-mountable devices) (TV, PC, communication electronic blocks, electric meters) – approximate required investment – USD 3.0 – 3.5 million.
3. Production of technological accessories (press molds, dies) – approximate required investment – USD 1.5 – 2.0 million.
4. Production of communication facilities, mobile and stationary phones – approximate required investment – USD 3.5 – 4.0 million.
5. Production of electronic single-phase and three-phase electric meters – approximate required investment – USD 2.0 – 2.5 million.
6. Organization of production of LCD and CRT monitors – approximate required investment – USD 3.5 – 4.0 million.
7. Organization of production of electric motors with power 1.0 to 90.0 kW. Approximate required investment – USD 12 – 15 million.
8. Circulating assets – feedstock, component parts – approximate required investment – USD 3.0 million.
ELECTRIC MANUFACTURING INDUSTRY
3. Sale of 54.92% of capital stock of Joint-Stock Company “Oniks” (production of lighting fixtures, dishware of crystal and glass, electronic appliances) Date of tendering for sale of stockholding:
under the decision of State Tender Commission 1. Main Information of the Company
Red lead paint, potassic saltpeter, zinc white, potash, quartz sand, hydrofluoric acid, ceric oxide, erbium oxide, diamond grinding wheels, polishing wheels, potassium dicyanurate, ferrous and non-ferrous metals, cable and wires, polypropylene, wrapping paper and corrugated cardboard, wood and plywood
2. Information of issue and placement of securities
1. Authorized Capital (thousand Soums):
102 300
2. Total number of issued shares (pcs):
132 000
3. Par value of shares (Soums):
775
3. Financial indicators
Indicators
Years
2004
2004
2004
1. Authorized Capital (thousand Soums)
102 300
102 300
102 300
2. Payment of dividend (%)
20
40
40
3. Gross profit (thousand Soums)
568
736
1 350
4. Net profit (thousand Soums)
77
50
232
5. Account receivable (thousand Soums)
150
323
528
6. Accounts payable (thousand Soums)
125
154
74
4. Brief description of the company
“Mikond Factory”, now “Oniks” Open Joint Stock Company, had been established in 1948. Main products manufactured were electronic units. Main consumers of the products manufactured were defense industry enterprises located in various republics of former USSR (Russia, Ukraine, Belarus, Lithuania, Latvia, Estonia). Since 1971, for first time in the Central Asia, the company started production of assorted glassware of crystal and home crystal and other lighting fixtures of various modification.
Main business object: production of consumer goods, home and office lighting fixtures, crystalware and glassware and electronic products.
Glass-melting facility, electroplating facility, cleansing installations, machining process shops, electronic products shops, electric ceramic shop, assembly shop are functioning at the factory.
5.Prospective Plans of Enterprise Development
Project of Modernization of Crystal Production at “Oniks”. The purpose of the project is to satisfy the demand of domestic market for crystal products, raising of competitiveness of produced crystal in Asian and European markets through raising the level of quality of crystal and ability of flexible processing thereof at high artistic level.
ELECTRIC MANUFACTURING INDUSTRY
4. Finalization of construction of factory for production of 9.4 thousand tons of fibre-optic combined roving cord on the basis of JV “Uzglasseiden” 1. Information of initiating enterprise:
Name:
Uzglasseiden Joint Venture
Location:
Tashkent City
Business Object:
production of technical fiber
Date of establishment:
06.11.1998
Number of employees:
10
2. Authorized Capital and Founders of the Company:
Production of technical fiber is planned. Construction of the factory is not completed, production is not started.
4. Objective of the proposed project:
Completion of construction of factory for production of 9.4 thousand tons of glass fiber combined roving cord 5. Technical and economic parameters of the project:
Project Amount:
USD 60 726 000
Required investment:
USD 9 328 000
Estimated payback period:
9 years
6. Availability of raw materials for planned production:
Required raw materials
kaolin, limestone, saw-timber, boric acid, fluor-spar, sodium sulfate, sizing compound, cardboard, chemicals for water treatment
Sources of raw materials:
purchase at domestic market, import from Russian Federation
7. Finished product sale markets:
domestic market
50 %
export
50 %
8. Available infrastructure and preparation of business plan:
Available infrastructure:
water and gas supply, power supply, heating and drainage
Distance to railway:
available
Distance to motor road:
available
Availability of business plan:
available, approved by Decree of Cabinet of Ministers of Republic of Uzbekistan¹475-f, dated 8 October, 1999
MACHINERY INDUSTRY
5. Sale of 50% of capital stock of OJSC “Uzpahtamash” (production of machinery for cotton ginning industry)
CEO: I. M. Rahmetov
Industry: Uzselhozmash Holding Company
Legal address: 92, Tulpanov drive, Tashkent
Established: 1946
Main business object: Production of machines for cotton ginning industry
Parameters
Value
Amount of assets for sale
50% stockholding
Terms of sale
Under decision of State Tender Commission
Date of put up for sale
Starting value
USD 6 567 000
Authorized Capital
76,00
Number of employees
312
Total area
For production
10,5 ha
8,7 ha
Information of production activities:
Business Object:
Production of machinery for cotton ginning industry
Sale market:
Domestic market, export to Kazakhstan, Azerbaijan, Turkey
Feedstock:
Rolled metal, electric motors, bearings, belts
Total area:
10,11 ha
Production area:
3,3 ha
Amount of Authorized Capital and its Structure:
Amount of Authorized Capital:
76 428 000 Soums (60 000 USD)
Structure of Capital:
Share of Goskomimushestvo - 25%; share of "Uzinterimpeks" - 8,33%; share of "Uzmarkazimpeks" - 8,34%; share of "Uzprommashimpeks" - 8,33%; share of Sogdiana PTF - 7,62%;
share of other legal entities - 5,1%; share of individuals - 37,28%
Indicators of production activities
Description of Product
Unit of measure
2006
1st half of 2007
1.Marketable products in established prices, total
million Soums
2633,5
1760,0
2. Process equipment for cotton ginning industry and spare part thereto
2555,5
1712,4
3. Consumer goods
1,9
1,9
4. other products
76,5
46,0
In money terms, production volume for 1st half of 2007 is 1760 million Soums, for 2006 - 2633,5 million Soums. Main financial indicators (million Soums)
¹
Indicator
2006
1st half of 2007
1
Long-term assets
226,1
255,1
2
Circulating assets, total
2593,4
2990,5
3
Accounts payable
1398,1
1808,8
4
Income
3187,7
2157,4
5
Expenses
2952,2
1971,3
6
Profit before tax
235,5
186,1
7
Net profit
196,9
147,1
MACHINERY INDUSTRY
6. Organization of production of high-quality agricultural machinery on the basis of OJSC “Uzpahtamash” 1. Information of initiating enterprise:
Name:
“Uzpahtamash” Open Joint Stock Company
Location:
Tashkent City
Business Object:
Production of process equipment
Date of establishment:
1947
Number of employees:
337
2. Authorized Capital and Founders of the Company:
domestic market, export to Kazakhstan, Turkey, Afghanistan
4. Financial information: thousand USD
Description
2005
2006
Income from business operations
38,8
188,4
Profit after tax
12,6
157,3
5. Objective of the proposed project:
Re-equipment of the factory and organization of production of high-quality machinery for cotton ginning industry 6. Technical and economic parameters of the project:
Project Amount:
2 000 000 USD
Required investment:
457 900 USD
Estimated payback period:
7 years
7. Availability of raw materials for planned production:
Required raw materials:
Rolled metal, electric motors, bearings, belts
Sources of raw materials:
Import from Russian Federation
8. Finished product sale markets:
domestic market
75 %
export
25 %
9. Available infrastructure and preparation of business plan:
Available infrastructure:
Water and gas supply, power supply, heating and drainage
Distance to railway:
1,5 km from Salar railway station
Distance to motor road:
1 km
Availability of business plan:
available
MACHINERY INDUSTRY
7. Sale of 82.75% of capital stock of “Tashkent Tractor Factory” 1. Information of enterprise:
Name:
“Tashkent Tractor Factory”
Open Joint-Stock Company
Industry:
machine industry
Location:
Tashkent City
Date of establishment:
1942
Number of employees:
3 231
2. Information of production activities:
Business Object:
Production of various tractors, trailers and semitrailers
Sale market:
Domestic market
Feedstock:
Component parts, electric equipment, metal products
Total area:
134,24 ha
Production area:
30,6 ha
3. Amount of Authorized Capital: 2 954 953 000 Soums (USD 2 317 560) 4. Information of sale of stockholding:
Amount of assets for sale:
82,75%
Basis for sale:
Decree of the President of the Republic of Uzbekistan #PP-672, dated 20 July 2007
Appraised value:
Evaluation is in progress
Type of sale:
Bidding
Bidding Organizer:
Goskomimushestvo (State Property Committee) of the Republic of Uzbekistan
Time of bidding:
2007 – 2008
Place of bidding:
Tashkent City
Additional terms of sale:
with investment obligations
MACHINERY INDUSTRY
8. Development and introduction of new transmission for assembly of advanced energy-saturated tractors up to 120 h.p. and more on the basis of “Tashkent Tractor Factory” 1. Information of initiating enterprise:
Name:
“Tashkent Tractor Factory” Open Joint-Stock Company
Location:
Tashkent City
Business Object:
Production of tractors and trailers
Date of establishment:
1942
Number of employees:
326
2. Authorized Capital and Founders of the Company:
Authorized Capital:
2 363 900 USD
Management:
J. Isaev (Director)
3. Objective of the proposed project:
Development and introduction of new transmission for assembly of advanced energy-saturated tractors up to 120 h.p. 4. Technical and economic parameters of the project:
Project Amount:
USD 20 000 000
Required investment:
USD 18 000 000
Estimated payback period:
6 years
5. Availability of raw materials for planned production:
Required raw materials:
Component parts, electric equipment, metal products
Sources of raw materials:
Foreign and domestic market
6. Finished product sale markets:
domestic market
90 %
export
10 %
7. Available infrastructure and preparation of business plan:
Available infrastructure:
water and gas supply, power supply, heating, drainage
Distance to railway:
3 km
Distance to motor road:
2 km
Availability of business plan:
available
MACHINERY INDUSTRY
9. Sale of 99.98% of capital stock of OJSC “Motor Factory” 1. Information of enterprise:
Name:
“Motor Factory” Open Joint Stock Company
Industry:
Machinery industry
Location:
Tashkent City
Date of establishment:
1981
Number of employees:
207
2. Information of production activities:
Business Object:
Production of motors and spare parts to them
Total area:
49,6 ha
3. Amount of Authorized Capital and its Structure:
Amount of Authorized Capital:
5 177 160 800 Soum (USD 4 060 420 )
Capital Structure:
State share - 99,98%;
Staff share - 0,2%
4. Information on sale of stockholding:
Amount of assets for sale:
99,98%
Basis for sale:
Decree of the President of the Republic of Uzbekistan # PP-672, dated 20 July 2007
Appraised value:
Evaluation is in progress
Type of sale:
Bidding
Bidding Organizer:
Goskomimushestvo (State Property Committee) of the Republic of Uzbekistan
Time of bidding:
2007
Place of bidding:
Tashkent City
Additional terms of sale:
with condition of retaining the business profile for a certain term
MACHINERY INDUSTRY
10. Sale of 51% of capital stock of “Tashselmash” CEO: Rahmatjon Holdarjonovich Mamadaliev Industry: agricultural machinery production Legal Address: 160, J. Obidova Street, Tashkent Established: in 1941
Parameter
Value
Amount of assets for sale
51% stockholding
Basis for sale
Decree of the President of the Republic of Uzbekistan # PP-672, dated 20 July 2007
Terms of sale
Under decision of State Tender Commission
Date of put up for sale
Additional information will be provided
Authorized Capital (million Soum)
91,1
Number of employees
409
Total area
19,2 ha
Information of enterprise:
Parameter
Value
Amount of authorized capital
2 774 135 000 Soums
Total area
38,29 ha (including that for production – 12,5 ha)
Year of establishment
1926
Number of workers
887
Financial indicators:
¹
Indicator
2006
1st half of 2007
1
Long-term assets
797,927
797,629
2
Circulating assets, total
2408,101
1850,555
3
Accounts payable
2142,462
1618,447
4
Income
3493,290
2329,106
5
Expenses
3251,215
2182,094
6
Profit before tax
242,075
147,012
7
Net profit
181,237
113,095
MACHINERY INDUSTRY
11. Sale of 79.52% of capital stock of OJSC “Tehnolog” 1. Information of enterprise:
Name:
“Tehnolog” Open Joint Stock Company
Industry:
machine industry
Location:
Tashkent City
Date of establishment:
1967
Number of employees:
483 people
2. Information of production activities:
Business Object:
Development of non-standard equipment, new technologies
Total area:
10,5 ha
Production area:
9,7 ha
3. Amount of Authorized Capital and its Structure: 250 704 600 Soum (USD 196 630) 4. Information of sale of stockholding:
Amount of assets for sale:
79,52%
Basis for sale:
Decree of the President of the Republic of Uzbekistan # PP-672, dated 20 July 2007
Appraised value:
Evaluation is in progress
Type of sale:
Bidding
Bidding Organizer:
Goskomimushestvo (State Property Committee) of the Republic of Uzbekistan
Time of bidding:
2007 – 2008
Place of bidding:
Tashkent City
Additional terms of sale:
with investment obligations
MACHINERY INDUSTRY
12. Sale of 95% of capital stock of “Suvsanoatmash”
Business Object: machinery industry Industry: Ministry of Agriculture and Water Management of the Republic of Uzbekistan CEO: Ozodbek Yuldashevich Komilov Legal Address: 120, Usta Shirin Street, Tashkent Established: in 2003
Parameter
Value
Amount of assets for sale
95% stockholding
Terms of sale
bidding
Date of put up for sale
Additional information will be provided
Authorized Capital (million Soum)
508,9
Number of employees
180
Total area
Area taken for production
6,3 ãà
2,6 ãà
Information of production activities: Description of the factory:
“Suvsanoatmash” is one of the important enterprises in the field of water resources development of the country. It has unique metal-cutting machine tools for manufacturing of various spare parts for pump stations and earth-moving machinery. Type of activity:
Production of steel and cast iron molding, non-standard equipment, screw elevators, drain washers PDTP-200, spare parts for excavators E-652, EO-4111. Product sale market:
Products are sold in domestic market. Main customers are subdivisions of the Ministry of Agriculture and Water Management of the Republic of Uzbekistan. Raw materials:
Cast-iron and steel metal scrap, casting components (ferromanganese, ferrosilicon, pellets), rolled metal
Indicators of production activities
Description
Unit of measure
2006
1st half of 2007
Cast steel
tons
124,6
46,8
Cast iron
tons
6,4
21
Non-standard equipment
tons
116,8
9,8
Excavator spare parts
tons
18723,7
23313,3
Heavy trailer
tons
-
2
Drain washer
tons
6
4
Mobile house (wagon)
tons
17
35
Elevator
tons
98
32
Other products
tons
343298,7
235487,7
In money terms, production volume for 1st half of 2007 is 711,4 million Soums, for 2006 - 982,5 million Soums, for 2005 - 793,5 million Soums. Main financial indicators (million Soums)
¹
Indicator
2006
1st half of 2007
1
Long-term assets
245,3
265,6
2
Circulating assets, total
747,0
611,6
3
Accounts payable
379,3
209,1
4
Income
315,1
144,6
5
Expenses
233,2
104
6
Profit after tax
81,8
40,5
7
Net profit
59,9
32,2
MACHINERY INDUSTRY
13. Sale of 47% of capital stock of “Suvmash”
Business Object: Manufacturing of pump and power equipment Industry: Ministry of Agriculture and Water Management of the Republic of Uzbekistan CEO: Genadiy Alekseyevich Pleshev Legal Address: H. Baykaro Stret, Bektemir District, Tashkent Established: in 1971
Parameter
Value
Amount of assets for sale
47% stockholding
Terms of sale
bidding
Starting price
2 307 300 000 Soums
Investment obligations
500 000 USD.
Authorized Capital (million Soum)
1132,9
Number of employees
364
Total area
Area taken for production
13,6ãà
2,4ãà
Description of the factory:
“Suvmash” is the only pump manufacturer in the Central Asia. The products are made using the advanced engineering solutions and scientific developments. Type of the activity: Manufacturing of electric pumps, repair of electric centrifugal horizontal pumps with double inlet, type D, borehole pumps type ÝÖÂ, K, A50GO, SNP 5/10 (PG-50), A40GP. Product sale market: Products of the factory are sold in domestic market. Main customers are subdivisions of the Ministry of Agriculture and Water Management of the Republic of Uzbekistan. Raw materials: Rolled metal, cast-iron and steel metal scrap, casting components (ferromanganese, ferrosilicon, pellets).
Main financial indicators (million Soums)
¹
Indicator
2006
1st half of 2007
1
Long-term assets
1231,7
1392,5
2
Circulating assets, total
3061,5
4172,9
3
Accounts payable
443,6
590,3
4
Income
3821,1
4010,0
5
Expenses
2753,5
2993,0
6
Profit after tax
565,5
624,4
7
Net profit
474,5
546,0
TEXTILE INDUSTRY
14. Auction sale of the property complex of JV “Tashtextile”
Legal address - Tashkent City, Hamza District
Business Object - Production of knitwear goods
Area of land plot - 4 ha
Area of buildings and facilities - 2 ha
Availability - production infrastructure - 100 %, labour resources - 100 %
Equipment - Made in Turkey, Germany, USA Deterioration degree: 15%
Terms of sale - complex
Appraised value - USD 15 580 000
TEXTILE INDUSTRY
15. Auction Sale of the Property Complex of JV “Sagbon Textile”
Legal address - Tashkent City, Sabir Rahimov District
Business Object - Production of textile goods
Capacity - 2 500 pcs per day
Area of land plot - 0,38 ha
Area of buildings and facilities - 0,24 ha
Availability - production infrastructure - 100 %, labour resources - 100 %
Equipment - Made in Turkey, Germany, Austria, Japan, Deterioration degree: 15%
Terms of sale - complex
Appraised value - Evaluation is in progress
TEXTILE INDUSTRY
16. Auction sale of the property complex of JV “Aydemir Textile”
Legal address - Tashkent City, Yakkasaray District, Usman Nosir Street, 12
Business Object - Production of textile goods
Area of land plot - 0,3 ha
Area of buildings and facilities - 0,2 ha
Availability - production infrastructure - 100 %, labour resources - 100 %
Terms of sale - complex
Appraised value - Evaluation is in progress
FOOTWEAR INDUSTRY
17. Organization of production of 33 million pairs of children shoes on the basis of Open Joint-Stock Company “TPOO No. 1” 1. Information of initiating enterprise:
Name:
“TPOO No. 1” OJSC
Location:
Tashkent City
Business Object:
Production of footwear
Date of establishment:
1927 ã.
Number of employees:
39
2. Authorized Capital and Founders of the Company:
Authorized Capital:
8 thousand USD
Founder:
U. Kuchkarov (100%)
Management:
U. Kuchkarov (Director)
3. Objective of the proposed project:
Organization of production of 33 million pairs of children shoes 4. Technical and economic parameters of the project:
Project Amount:
300 000 USD
Required investment:
200 000 USD
Estimated payback period:
6 years
5. Finished product sale markets:
domestic market
75 %
export
25 %
6. Available infrastructure and preparation of business plan:
Available infrastructure:
water and gas supply,
power supply, drainage
Distance to railway:
15 km
Distance to motor road:
10 km
Availability of business plan:
not available
PRODUCTION OF CONSTRUCTION MATERIALS
18. Auction sale of the property complex of JV “Hobas Tapo”
Legal address - Tashkent City, Hamza District
Business Object - Production of plastic pipes
Area of land plot - 10 ha
Area of buildings and facilities - 2,4 ha
Availability - production infrastructure - 100 %, labour resources - 100 %
Equipment - Made in Germany
Terms of sale - complex
Appraised value - USD 91 603 100
PRODUCTION OF CONSTRUCTION MATERIALS
19. Organization of production of 1.5 million sq.m of facing ceramic tiles with double roasting on the basis of “Tashkent Construction Materials Factory” 1. Information of initiating enterprise:
Name:
Tashkent Construction Materials Factory
Location:
Tashkent City
Business Object:
Production of ceramic tiles
Date of establishment:
01.03.1972ã.
Number of employees:
100
2. Authorized Capital and Founders of the Company:
Authorized Capital:
66,3 thousand USD
Founders:
General Investment Department of Tashkent City Administration (35,7%), Endovour LLC (USA) (25%), Stenfird Trading LLC" (USA) (10,3%), Mulk Privatization Investment Fund (10,6%)
Management:
H. Asomutdinov (Director)
3. Production (2007):
Product
Amount
Facing ceramic tiles
1 364 million Soums
Sale market:
domestic market
4. Objective of the project proposed project: Organization of joint venture for production of 1.5 million sq.m of facing ceramic tiles with double roasting 5. Technical and economic parameters of the project:
Project Amount:
USD 2 000 000
Required investment
- direct foreign investment:
USD 150 000
- foreign credit funds:
USD 1 850 000
Estimated project payback period:
4 years
6. Availability of raw materials for planned production:
Required raw materials:
kaolin, quartz sand, pegmatite, soda ash, frit, zircon
Sources of raw materials:
Purchase in domestic and foreign market
7. Finished product sale markets:
Domestic market
65 %
Export
35 %
8. Available infrastructure and preparation of business plan:
Available infrastructure:
water and gas supply, power supply, drainage
Availability of business plan:
available
PRODUCTION OF CONSTRUCTION MATERIALS
20. Auction sale of the property complex of JV “Agrokeramika”
Legal address - Tashkent City, Bektemir District
Business Object - Production of ceramic tiles and glazed tiles
Area of land plot - 2,3 ha
Area of buildings and facilities - 1 ha Availability - production infrastructure - 100 %
labour resources - 100 %
Terms of sale - complex
Appraised value - Evaluation is in progress
FRUIT AND VEGETABLE PRODUCTS PROCESSING
21. Organization of production of more than 1 thousand tons of tomato paste and ketchup on the basis of Inter Asia LLC 1. Information of initiating enterprise:
Name:
Inter Asia LLC
Location:
11, Bratislava Street, Yakkasaray District, Tashkent City
Business Object:
Production of tomato products
Date of establishment:
1 March 1996
2. Authorized Capital and Founders of the Company:
Authorized Capital:
196,8 thousand USD
Founders:
K. H. Yuldashev - 88%, K. H. Yuldashev - 4%, F. H. Yuldashev - 6%, N. M. Kahhorov - 2%
Management:
B. T. Turgunhujaev
3. Objective of the proposed project:
Organization of production of more than 1 thousand tons of tomato paste and ketchup 4. Technical and economic parameters of the project:
Project Amount:
USD 1 000 000
Required investment:
USD 5000 000
Estimated payback period:
30 months
5. Finished product sale markets:
domestic market
30 %
export
70 %
6. Available infrastructure and preparation of business plan:
Available infrastructure:
water and power supply, drainage, gas supply and heating
Distance to railway:
10 km
Distance to motor road:
1 km
Availability of business plan:
available
FOOD INDUSTRY
22. Auction sale of the property complex of JV “Pasta Kamola”
Legal address - Tashkent City, Uchtepa District
Business Object - Production bakery and confectionery goods
Capacity - 80 kg/h
Area of land plot - 1 ha
Area of buildings and facilities - 1 ha
Availability - production infrastructure - 100 %, labour resources - 100 %
Equipment - Made in Italy, deterioration degree – 60%:
Terms of sale - complex
Appraised value - USD 792 900
CHEMICAL INDUSTRY
23. Auction sale of the property complex of JV “Bioorganic”
Legal address - Tashkent City, Sergeli District
Business Object - Production organic mineral fertilizers
Capacity - 80 kg/h
Availability - production infrastructure - 100 %, labour resources - 100 %
Terms of sale - complex
Appraised value - USD 4 916 000
PHARMACEUTICAL INDUSTRY
24. Auction sale of the property complex of Meditex LLC
Legal address - Tashkent City, Uchtepa District
Business Object - Production of medical bandage
Capacity - 100 000 pcs/year
Area of land plot - 2,9 ha
Area of buildings and facilities - 1,7 ha
Availability - production infrastructure - 100 %, labour resources - 100 %
Equipment - Made in Russia, deterioration degree – 25%:
Terms of sale - complex
Appraised value - USD 553 300
Telephone numbers in Tashkent city are seven-digit. For dialing to Tashkent city from other province of the Republic of Uzbekistan, one should dial 8 – long beep – 371 (telephone number). International format for telephone dialing to Tashkent City is +99871 (telephone number).
For subscribers of mobile communication, dialing codes are different and are dialed in international format:
- for subscribers of MTS Uzbekistan +99897 (subscriber number);
- for subscribers of Beeline +99890 (subscriber number)
- for subscribers of Coscom (U-Cell) +99893 (subscriber number)
Telephone numbers:
Organization
Phone
Governmental Authorities
Tashkent City Administration
233-90-69
236-77-31
General Department of Economy of Tashkent City
233-76-19
Statistic Department
150-10-01
Finance Department
233-11-24
Committee for Demonopolization
233-76-86
233-75-52
Tax Department
233-99-82
252-64-83
Department of Labour
236-00-25
Department of Foreign Economic Relations, Investment and Trade
233-72-45
233-14-91
State Property Committee
233-21-54
233-23-52
Chamber of Commerce and Industry
150-31-02
150-31-01
Real Estate Exchange
299-84-48
299-80-28
Banks
Central Bank
233-30-59
236-73-09
National Bank for FEA (NBU)
244-35-60
Pahta Bank
120-88-18
273-25-06
People Bank
244-41-24
Ipoteka Bank
233-11-22
150-48-88
Promstroybank
233-12-72
239-45-17
Microcredit Bank
273-28-11
273-05-90
Asaka Bank
120-81-11
120-81-15
Turan Bank
244-32-52
700-55-55
Galla Bank
236-38-29
236-04-30
Information Service
Railway Terminal Information Service
005
Central (Northern) Railway Terminal
199-92-73
199-92-74
Tashkent Airport Information Service
140-28-02
066
Long-distance and international phone calls
8 191
Information of international codes and rates of Tashkent City