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The State Joint-Stock Company Uzbeklegprom is planning to commission 20 new textile enterprises in the current year. Their total value is estimated at US $136 million.
Nine enterprises will be put into operation in March 2007, while the rest 11 are due for commissioning in the second half of the year. Let it be mentioned in this context that foreign investments account for a greater portion of the funds used to finance their construction. Of all the textile factories to come onstream in the current year, more than half are 100 per cent foreign enterprises, with the remainder set up in the form of joint ventures.
Once they become fully operational, the production of yarn will increase by 50,000 tons, knitted linen -18,000 tons, cotton fabrics - 5 million linear meters, garments and knitted wear - 7.5 million units and hosiery - 58 million pairs a year. At the same time, some 8,000 new jobs will be created in the sector.
In 2006, Uzbeklegprom put into service 22 textile factories, whose total value reached US $107.5 million. These include 8 enterprises with 100 per cent foreign capital and 14 joint ventures. In the period 2006-2008, Uzbekistan plans to bring about a modernization and technical re-equipment program in the textile industry for a total of US $466.85 million.
Over the next 3 years, 66 existing textile enterprises will be modernized. It should be noted that 60 of them are incorporated in Uzbeklegprom. In 2005, the Uzbek government approved a program for attraction of foreign investments to the textile sector for the period 2005-2008. The total volume of investments stipulated there reaches US $1.22 billion. In the first instance, the funds will be used to construct new textile enterprises.
Uzbeklegprom is presently the largest company in Uzbekistan, which incorporates light-industry enterprises, basically textile factories. Some 120 enterprises of over 300 presently operational in the light industry are associate members of Uzbeklegprom.
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Date: Apr 09, 2007
Source: Delovoy partner.uz |
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