Russia’s Moscow-based TKB-Invest plans to build a cement producing plant in Uzbekistan between 2007-2010, Uzbekistan’s Uzstroymateriali, the project’s customer, said Monday.
A spokesman with the Uzbek company said that the two companies had already signed a memorandum of intent to set up a joint venture for the plant’s construction.
The production capacity of the plant is expected to amount to 3Mta the spokesman said.
The spokesman added that a feasibility study for the construction of another cement producing plant, with an expected cost of US$150m, would soon be completed.
According to earlier reports, Uzbekistan planned to build three cement plants at a total cost of $250m.
Currently, Uzbekistan has six operating cement plants with a total annual production capacity of 6.5Mt.
In 2006, Uzbekistan’s cement production increased 10% on the year to 5.58Mt, while exports rose 18.5% in monetary terms to $37.9m.