Qoqon Spirt OJSC to increase production volume through modernization

Tashkent, Uzbekistan (UzDaily.com) -- Qoqon Spirt open joint stock company, producer of ethyl alcohol in Uzbekistan, will carry out modernization and re-equipment in 2010-2012.

The project was included into programme on financial rehabilitation of industrial enterprises in Qoqand city (Ferghana region of Uzbekistan).

In line with the programme, the enterprise will spend 169 million soums, US$147,00 and 950,000 euros for modernization and re-equipment, The project will be financed due to own resources of investors and credits of commercial banks.

Within the project, it is planned for further development and modernization of the capacity, purchase of technologic equipment on processing of associated carbonic acid gas and organization of greenhouses at the territory of the enterprise.

The modernization will allow to raise production volume to 32.7 billion soums in 2010, 33 billion soums in 2011 and 33.4 billion soums in 2012.