Knauf to invest about US$50 million into Uzbekistan
27/11/2014 14:22
Knauf to invest about US$50 million into Uzbekistan
27/11/2014 14:22
Tashkent, Uzbekistan (UzDaily.com) -- Knauf International GmbH (Germany) is planning to invest about US$50 million to expand its production capacities in Uzbekistan, Janis Kraulis, head of Knauf Group CIS, said on the sidelines of the international symposium “Earthquake Safe Constructions with Lightweight Steel Structures”.
Janis Kraulis said that one of co-owners of Knauf, Nikolaus Knauf, held a meeting with Prime Minister of Uzbekistan and the company expressed its intention to continue to investment into Uzbekistan.
He added that the company believes in development of construction material market and sees that construction is developing in Uzbekistan. He added that the company also sees great perspectives for export of goods from Uzbekistan.
Head of Knauf Group CIS noted that Knauf and Uzbekistan currently are working on developing of investment agreements. He said that the sides can sign agreement in 2015.
He said that total volume of investments will make up US$50 million. He added that the investments will be directed at expansion of the capacities on production of gypsum-based mortars and Knauf- plasterboards. Janis Kraulis noted that the capacities of new lines will be determined in cooperation with the Uzbek side.
Knauf invested over US$51 million to creation of modern production facilities in Bukhara region. Knauf has got two enterprises in Bukhara region, Uzbekistan, one of them is Bukharagips which produces high-quality dry gypsum-based mortars, and FE Knauf Gips Bukhara, which produces Knauf- plasterboards in line with the European standards.
The first enterprise started to produce gypsum-based mortars in August 2009. The capacity of the plant is 50,000 tonnes of products a year.
In 2011, Knauf constructed a plant on production for Knauf-boards at KNAUF GIPS Bukhara. The design production capacity of the enterprise amounted to 20 million square meters of high-quality gypsum plasterboards a year.
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