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    Russian firm 'Schelkovo Agrohim' establishes joint venture in Uzbekistan

    Russian firm 'Schelkovo Agrohim' establishes joint venture in Uzbekistan

    The Russian firm “Schelkovo Agrohim” has inaugurated a new agrochemical production facility in Uzbekistan, according to the Russian Trade Representative Office. The joint Russian-Uzbek venture, “Schelkovo Agrohim Uzbekistan,” is situated in the “Urgut” free economic zone in the Samarkand region. The opening ceremony took place on November 17.

    Photo: Russian firm 'Schelkovo Agrohim' establishes joint venture in Uzbekistan 
    Source: Spot
    The newly established plant will employ over 100 individuals and is projected to manufacture more than 20,000 tons of plant protection chemicals annually. A portion of the production will be exported to neighbouring countries, including Kazakhstan, Kyrgyzstan, and Tajikistan.

    Investments in the enterprise exceeded $30 mn, enabling Schelkovo Agrohim to receive tax benefits for a maximum period of ten years. The construction of the plant, which began in 2017, initially aimed to establish three production lines with a total capacity of at least 10,000 tons, with an estimated expenditure of $2 mn.

    Photo: Russian firm 'Schelkovo Agrohim' establishes joint venture in Uzbekistan 
    Source: Trend News Agency

    By the start of 2019, the project’s cost had risen to $3 mn. The launch date was deferred several times, including due to the COVID-19 pandemic. Despite these challenges, the plant is now operational, marking a significant milestone in the region’s agrochemical industry.

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    18.11.2023, 22:47   Comments (0)   2310
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