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Economy
24/07/2009
BAT Uzbekistan increases cigarette production by 24.8%
British American Tobacco Uzbekistan
Tashkent, Uzbekistan (UzDaily.com) --
British American Tobacco Uzbekistan (BAT Uzbekistan), an Uzbek-British joint venture and monopoly cigarette producer in Uzbekistan, increased production of tobacco by 24.8% in January-June 2009 to 6.060 billion units.
The venture’s exports rose by 32.6% year-on-year to 311.2 million units. Sales in internal market of Uzbekistan rose by 26.3% to 5.675 billion units.
The enterprise increased production of cigarettes by 19.8% to 10.46 billion units and exports rose by 31.2% to 594.6 million units.
British American Tobacco (BAT) acquired 51% share at Uztabak (Uzbek Tobacco) and created UzBAT (now BAT Uzbekistan). The charter capital of the venture is US$247.4 million. BAT holds now 97.35% shares in the enterprises, the State Property Committee holds 2.25% shares and labour owns 0.4% shares.
Total investment programme of BAT Uzbekistan comprises US$292 million, including US$100 million is the cost of cigarette plant in Samarkand in 1997. The capacity of the plant is 12 billion cigarettes a year.
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