Uzbekistan to build pulp and paper mill
26/08/2017 19:03
Uzbekistan to build pulp and paper mill
26/08/2017 19:03
Tashkent, Uzbekistan (UzDaily.com) -- Eco Paper Industry LLC will implement an investment project “Creation of a pulp and paper mill” for production of pulp and paper products in 2017-2019.
The capacity of the mill is 16,500 tonnes of products a year. The estimated cost of the project is US$10.3 million.
The project will be financed due to funds of the project initiator worth US$3.1 million and a loan from the National Bank for Foreign Economic Affairs of the Republic of Uzbekistan - US$7.2 million.
The enterprise will process perennial (poplar and others) and annual (stalks of cotton, Jerusalem artichoke, rice and straw) vegetable local raw materials and produce demanded products with high added value.
President of Uzbekistan Shavkat Mirziyoyev signed a resolution “On establishment of additional capacity in the country for production of pulp and paper products” on 25 August 2017.
Uzbek leader instructed state bodies to allocate a land plot of 20 hectares for construction of a pulp and paper mill in the Tashkent region within a month to the project initiator. The initiator of the project will also receive a land plot of 900 hectares to strengthen the resource base on the basis of the creation of plantations of wood (poplar and others).
The President granted tax and customs breaks to Eco Paper Industry within the framework of this project.
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