Uzbekistan constructs second sugar plant
23/07/2014 16:56
Uzbekistan constructs second sugar plant
23/07/2014 16:56
Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan completed implementation of a project on construction of the sugar plant, the publication of the Ministry of Economy and the State Statistics Committee of Uzbekistan said.
The publication said that the project “Construction and organization of new modern sugar plant in Tashkent region” with the capacity of 1,000 tonnes a day was completed. Earlier, it was reported that the plant will be commissioned into operation in the third quarter of 2014.
Angren Shakar implemented the project on construction of new sugar plant in the territory of the special industrial zone Angren.
The project cost of the second plant is US$108.5 million. It will produce 1,000 tonnes of sugar a day.
The project is implemented in cooperation with Singapore’s and Welton International Enterprises Pte. Ltd. and Kito Investment Pte. Ltd., as well as Austrian SЕID Handelsgesellschaft m.b.H.
Khorezm Shakar JV OJSC is an only sugar producer in Uzbekistan. Khorezm Sugar Plant was commissioned in 1998. The cost of the plant is US$83.25 million. Preliminary plant was designed for processing sugar-beet, which was planned to plant in Uzbekistan. The capacity of the plant was 3,000 tonnes of sugar-beet a day. But low crop pushed to conserve the plant.
Shakar Investment, an Uzbek-Austrian-US joint venture, carried out project on transfer of the capacity to processing of cane sugar with the cost of US$2 million in 2002. Currently, the plant can process 1,000 tonnes of cane sugar a day.
Shareholders of the company are Motril Investments (Panama, 69.43%), KITO Investments (Singapore, 20%), SEID Handels GmbH (Austria, 10%) and employees (0.57%).
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