President Shavkat Mirziyoyev met with the staff of the joint-stock company Uzbek Metallurgical Plant. The Head of the state congratulated the specialists on Independence Day, noted that this plant is important for domestic industry. This has been reported by the Press Service of the President of the Republic of Uzbekistan.

Daily life and fate of Bekabad residents are inextricably linked with activities of this plant, as 25 percent of the city’s residents work at this site. The share of the plant in the city industry is 80 percent.

Therefore, the President of Uzbekistan pays special attention to development of the plant. In a short time, it became possible to stabilize the economic condition of the enterprise.

Over the past year, Uzbek Metallurgical Plant allocated 77 billion sums for construction of housing, cultural and sports facilities in Bekabad.
It is expected that for 9 months of the current year the volume of rolled metal production at the plant will grow by 1.5 times, profit – almost 3 times. Such growth rates in the same period of 2017 was not observed.

In accordance with the program for development of the plant on the basis of innovative technologies in 2018-2020 in the next 3 years, the production of rolled metal will grow 2.3 times, steel balls – 1.5 times, exports – 1.9 times.

“All these figures, all our plans are aimed at one thing – to achieve people’s satisfaction with life. To do this, we need to ensure the stability of our economy, to produce value-added products. Measure seven times, cut once. We need fair conditions and the right calculation, then the economy will work itself, the results will come, people will start to receive income”, said Shavkat Mirziyoyev.

The President of Uzbekistan laid the symbolic first stone, thereby giving the start to the construction of the casting-rolling complex.

Own funds of the plant in the amount of $91 million, the loan of the Russian “Gazprombank” and the Swiss “Credit Suisse” for $361 million will be allocated for the implementation of the project, $452 million in total will be mastered.

The project is scheduled to be fully commissioned in 2020, which will allow to produce an additional 1 million tons of steel sheets per year and create more than 400 new jobs. In 2021, the volume of production of finished products at the plant is planned to be increased to 2.1 million tons annually.

By reducing the import of rolling sheet, it will be possible to save $350 million in a year.

At the same time, the annual demand (500 thousand tons) will be fully provided in the hot-rolled sheet, which is the main raw material for constructing Tashkent Metallurgical Plant. The casting-rolling complex will be built by the Italian company Danieli.

Source: UzA