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Economy 06/01/2014 Production of spunbond to be launched in Jizzakh SIZ
Spunbond
Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan will launch production of bonded material spunbond with the cost of US$1.4 million in 2014.

The project will be realized at the special industrial zone Jizzakh. The project cost is US$1.4 million and it will be realized with the participation of China’s Xanzhou Jinjing Health and Medical Suppliers Co. Ltd.

The Chinese company will invest US$1 million to creation of the enterprise on production of spunbond. The capacity of the enterprise will make up about 30 million square meters of spunbond.

Spunbond fabrics are produced by depositing extruded, spun filaments onto a collecting belt in a uniform random manner followed by bonding the fibers. The fabrics are used in many industries. In particular, it is used to produce hygienic products and disposable clothes, including medical.

President of Uzbekistan Islam Karimov signed a decree for creation of new special industrial zone Jizzakh on 18 March 2013. The branch of the zone will be in Syrdarya region.

The zone was created in line with a memorandum of understanding on implementation of project on creation of Uzbek-Chinese industrial park in Uzbekistan. It was created to form favourable conditions for attracting foreign and local investments to creation of high technologic industrial capacities, production of competitive products with high added price, complex and effective use production and resource potential of Jizzakh and Syrdarya regions.

The special zone was created for 30 years with possibility of extension. The decree set tax and customs preferences for enterprises, operating in the zone. The enterprises, located in the zone, will be exempted from payment of income tax, property tax, tax for accomplishment and social infrastructure, single tax, and mandatory payments to Road Fund.

They will be also exempted from payment of customs duties for imported materials, equipment and spare parts, which are not produced in Uzbekistan.

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