China’s Shiyan Zhenke Industrial Technology plans to open a special equipment production facility in Fergana region.

The regional administration reports that the investment project, estimated at $40 million, will be implemented in two stages over three years.

Hokim of Fergana region Khayrullo Bozorov discussed with the leadership of Shiyan Zhenke Industrial Technology the establishment of special equipment production, continuing negotiations that began in June during his visit to Beijing.

In the first stage, the company will invest $20 million in creating assembly, welding, and painting lines. At this stage, annual production will be 500 units of special equipment. In the second stage, production volumes will be increased to 100 monthly units, requiring another $20 million investment.

Finished products will be sold in Uzbekistan under a new local brand. Shiyan Zhenke Industrial Technology is exploring locating production in small industrial zones and the Kokand FEZ. The launch of the first stage is expected within the next three years.

Aziza Alimova, UzA