President Shavkat Mirziyoyev has visited "Asia Metall Prof" in Samarkand to learn about their activities.
In 2018-2022, "Asia Metall Prof" together with its partners from China implemented projects totaling $110mn, with $33mn coming from foreign direct investment.
Production of galvanized and polymerized metal sheets started in December 2018.
The second stage began in 2021, producing metal pipes and profiles.
Since February 2022, hot-rolled metal sheets and construction profiles are also being produced.
Not only can these products replace imports, but they are also in high demand in the foreign market. Last year, the company exported goods worth $63mn; this year's numbers are expected to be even higher. The company currently employs 520 people.
President Shavkat Mirziyoyev visited the construction site of the fourth stage of the project, which includes the production of fittings. The new facility is expected to produce 390,000 tons of rebar annually and create 150 jobs.
Five new projects will be implemented from 2023-2025 with a total investment of $621mn, creating 930 new jobs and resulting in a production capacity of 1.7mn tons of metal products and 10mn square meters of glass.
The President emphasized the importance of boosting export competitiveness by focusing on localization and reducing costs.
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