South Korea’s Natural Cement Corp Ltd and Uzbekistan’s Asia Cement International have set up a joint venture to build a roughly US$300m cement plant in Uzbekistan.
Akbar Mukhitdinov, head of analysis and development at construction company Uzstroimaterialy, said the plant will have the capacity to produce 1.7Mta of cement.
He said "At present, a land plot has been allocated for the construction of the cement plant and an examination is being made of the investment agreement that is to be signed between the investor and the Uzbek government."
He added that Uzbekistan is one of the leading cement producers among former Soviet countries.
Uzbekistan is preparing to build five cement plants with combined production capacity of 8.5Mta.