A meeting has been held in Fergana with the founder of Uzbekistan – China JV Fergana Yasin Qurilish Mollari.

Administration of Fergana region hosted a meeting with the founder of Uzbekistan – China JV Fergana Yasin Qurilish Mollari, in Besharyk district.

According to the regional administration, the parties exchanged views on the activities of the enterprise and future projects.

The joint venture specializing in production of cement is capable of producing 2,500 tons of products per day. At the first stage of the project, $80 million was invested and 300 young people were employed.

In 2021, $120 million will be allocated for the implementation of the second phase of this project. The second stage of the cement plant is planned to be launched in July next year. As a result, the enterprise will produce 2 million tons of products per year, and employ 700 local residents.

Issues related to the import of equipment from abroad and its installation were also discussed at the meeting.

UzA