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Uzbekistan: Program implemented in Uzbekistan industrial development: from bankruptcy to upgrade

14/09/2015 19:55

Various jerseys total cost of 30 million to 50 million sums (about 15 to 25 thousand US dollars) per month are sent to consumers workers limited liability company "Katkala tex." Performance is not the highest among related enterprises the Khorezm region in north-western Uzbekistan. But they are remarkable in that they achieved in conditions of radical technical modernization and technological renewal of production. In turn, by themselves, they are a shining example of the consistent and purposeful implementation developed at the initiative of President Islam Karimov's improvement program in the coming years of the industrial potential of the region, one of the most remote from the industrial centers of the country, with local raw materials which is the only agricultural products, mainly cotton -products are  produced from a fiber.

This is most clearly if we make an excursion into the history of today's uneasy "Katkala tex." Created in the middle of two-thousand years as the Uzbek-German joint venture "Shovot tex" for various reasons, by 2009, it proved economically insolvent and was declared bankrupt. Then, according to the relevant Decree of the President of Uzbekistan, it was transformed into a limited liability company "Katkala tex."

Its principal founder was the regional branch, "Mortgage Bank", whose investment of 200 million sums subsequently allowed to revive production.

Already in the framework of the development of the industrial potential of the region was drafted to expand production based on the most modern technology. In the course of its implementation adjacent to the spacious storage areas, on the balance of the district authorities (administration), have been sold to it at a zero value (or rather just one dollar). However, with the condition of their reconstruction and equipment of last generation.

Therefore, Ltd. has committed itself to make more than 4 million US dollars of their investment to bring them into line with today's production needs. In a former warehouse in the near future it is planned to establish production of not less than 12 million pairs of knitted men, women and children socks per year.

- To this end, the Canadian company «GSC LTD GRUP», one of the world's leading manufacturers of textile machinery, has already been purchased and delivered 210 advanced knitting machines. - Said the head of the company Umrbek Abdullayev. - In general, all of our equipment to date no older than the previous year.

In addition to the full implementation of the project of modernization of the enterprise planned allocation of two billion sums. These funds local private contractor "Innovator Kangly coolies", which won the corresponding tender competition, is the final work on the reconstruction of the future new plants, laying him the necessary utilities. Already in the first month of summer they will be produced first batch of additional products, there will be dozens of new jobs.