AGMK recognized as “The Leader of the CIS Business” in 2018
Tashkent, Uzbekistan (UzDaily.com) -- Almalyk Mining and Metallurgical Combine (AGMK) received the honorary award "CIS Business Leader" in 2018 within the framework of the International Economic Forum "CIS: Digital Economy - Integration Platform".
The event was organized by the CIS Economic Development Business Center with the support of the Executive Committee of the Commonwealth of Independent States. More than 1,500 delegates from 32 countries of the near and far abroad took part in it.
Sergey Larionov, Director of the Central Repair and Mechanical Plant of AGMK, took part in the forum as part of the Uzbek delegation. The Chairman of the Executive Committee, Executive Secretary of the CIS Sergey Lebedev presented the honorary award to him.
The plant received an award for the results achieved in 2018 on increasing production volumes, increasing growth rates, modernizing and reconstructing production.
"Today, AGMK is carrying out large-scale work on the modernization and reconstruction of production, numerous investment projects are being implemented, aimed at increasing production volumes, reducing production costs, and increasing export potential. All this work has been noticeably intensified with the transfer of the state share to the trust of a foreign company SFI Management Group "- said Sergey Larionov.
According to him, the high assessment of the merits of a multi-thousand workforce at a prestigious international forum in Moscow is a clear confirmation that the management of the company and the country as a whole conducts a skillful investment policy, establishes long-term partnerships and mutually beneficial cooperation in the CIS space.
AGMK is the only copper producer in Uzbekistan. The company produces refined copper, zinc metal, molybdenum, lead concentrate and other products.
The company accounts for about 90% of silver production and 20% of gold in the republic. Since August 2018, the state share in the enterprise has been transferred into trust management of a foreign company SFI Management Group.
In 2018-2025, the plant plans to implement seven investment projects with a total value of over US$663 million.