Projects in leading industries presented to Uzbek President
Tashkent, Uzbekistan (UzDaily.com) -- On 16 July, President of Uzbekistan Shavkat Mirziyoyev got acquainted with new projects in the oil and gas chemical, electrical and pharmaceutical industries via videoconference, heard reports on the state of development of these industries.
In the current conditions, when the pandemic has a serious negative impact on the world economy, work on the sustainable development of industry continues in Uzbekistan. Our state is following the path of deep processing and monetization of raw materials. Measures are being taken to increase economic efficiency through the production of import-substituting and export-oriented finished products.
The meeting provided information on new projects in the petrochemical industry.
On 28 December 2019, a complex for the production of polyvinyl chloride, caustic soda and methanol was put into operation at the Navoiazot Joint Stock Company. The second stage of the plant is currently being designed. It is expected to cost about US$440 million. It is planned to employ 650 people and produce US$132 million worth of products a year. The introduction of modern technologies will save large volumes of natural gas.
The next US$25 million project involves the production of hydrogen peroxide. Possessing cleansing and disinfecting properties, this substance is widely used in pharmaceuticals, textiles, medicine and everyday life. The project will create 50 jobs and produce products worth nearly US$20 million a year. The plant is planned to be launched in September 2021 in Navoi region.
As a result of the implementation of the project for the production of urea-formaldehyde concentrate (the design cost is more than US$18 million) on the basis of the Navoiazot joint-stock company, the production of import-substituting products for US$9 million and export for US$1 million per year will be established with the creation of 50 jobs. Construction of the plant began in March 2020, and commissioning is scheduled for March 2021.
The US$12 million carboxymethyl cellulose reagent project is critical for construction, drilling, food processing and medicine. In March this year, the first stage of the project was launched in Yukorichirchik district. After completion of all four stages by 2023, import-substituting products for US$9 million and export-oriented products for US$13 million will be produced. 100 jobs will be created.
At the expense of US$5 million, a project is being implemented to produce expanded polypropylene, which is used in the production of heat-insulating food containers, protective helmets, car seats, toys and other products. As a result, 40 jobs will be created and the production of 8 new types of goods will be mastered. The enterprise is planned to be commissioned in August 2021 in Yashnabad district of Tashkent.
The head of state got acquainted with the presented projects and gave instructions on accelerating and ensuring high quality of their implementation.
It was instructed to consistently continue work in these industries, to organize the production of products in demand by the construction industry, the automotive and pharmaceutical industries, such as synthetic fibers, polyester resins, polymers, aromatic hydrocarbons.
The meeting also discussed the results of the activities of the joint stock company "Uzbekneftegaz" for the first half of the year.
All conditions have been created for uninterrupted operation during the quarantine period of all enterprises included in the system of the joint-stock company. As a result, the fulfillment of forecasts for half a year was ensured, an additional 1 billion cubic meters of natural gas, almost 22 thousand tons of condensate and 1.2 thousand tons of oil were produced. Within the framework of 11 projects, investments for US$846.5 million were disbursed.
The President gave instructions on improving the quality of manufactured products, the level of localization, reducing imports and actively introducing digital technologies into the industry.
The importance of attracting foreign investors to promising projects to expand geological exploration and increase hydrocarbon production was emphasized.
During the meeting, the state of development of the pharmaceutical and electrical industries, the progress of the implementation of priority investment projects aimed at organizing the production of high-quality products with high added value and expanding the export potential of these industries were also considered.
At present, the country’s electrotechnical industry is represented by 429 enterprises that produce more than 70 types of goods. At the end of last year, the electrical industry produced products worth US$897.5 million, exported US$250.3 million.
There are 202 enterprises operating in the pharmaceutical industry of Uzbekistan. At the end of 2019, the volume of pharmaceutical production in the republic amounted to US$170 million, exports - US$22.1 million.
Most of the industry’s enterprises are limited to the production of drugs with a simple formula. Therefore, the share of imported products in the domestic consumption of pharmaceuticals is 79 percent. These indicators indicate the presence of a large untapped potential.
Currently, the pharmaceutical industry is implementing 93 investment projects with a total value of US$630 million, of which US$355 million is due to foreign investments. The implementation of these projects will provide the creation of 5.5 thousand jobs.
These two industries employ over 52 thousand people.
At the meeting, the reports of the heads of the relevant industries, ministries and departments were heard. Following the results, the head of state set specific tasks for the development of the pharmaceutical and electrical industries, increasing their contribution to the economy, as well as ensuring their sustainable operation in the context of the coronavirus pandemic.
The meeting also gave instructions on widely attracting foreign investment in the development of the scientific base, stimulating the organization of new industries, including through the creation of additional free economic zones and territories of advanced development, deepening cooperation ties among enterprises, reducing the cost of production and ensuring its competitiveness, increasing export of domestic products to foreign markets, as well as strengthening human resources in the field of electrical engineering and pharmaceuticals.