Qoqon Mechanic Plant to modernize its capacities

Tashkent, Uzbekistan (UzDaily.com) -- Qoqon Mechanic Plant open joint stock company, producer of machine-building equipment, will carry out modernization and reequipment of its capacities in 2010-2012 within the programme on financial rehabilitation of industrial enterprises in Qoqand city (Ferghana region of Uzbekistan).

The programme said the founders of the enterprise will direct US$260,600 to expansion of shop on production of domestic gas-cylinders and modern gas-cylinder equipment for transportation and storage of liquefied and compressed gases.

Uzbekneftegaz national holding company will invest US$8.4 million due to its stabilization and development fund to the enterprise to organize production of large dimension tanks and reservoirs, expansion and increasing assortment of spare parts for well drilling, oil and gas production.

It is expected that the volume of production at the plant will make up 5.1 billion soums in 2010, 6 billion soums in 2011 and 13.8 billion soums in 2012.