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Economy 03/08/2011 TTZ completes 2010 with net loss for 6.85bn soums
TTZ completes 2010 with net loss for 6.85bn soums
Tashkent, Uzbekistan (UzDaily.com) -- Tashkent Tractor Plant open joint stock company (TTZ) completed 2010 with net loss for 6.85 billion soums, the company’s annual report said.

The report said TTZ produced 2,379 tractors, 2,161 trailers and other equipment in 2010. The growth made up 91% compared to 2009. The volume of produced goods made up 77.3 billion soums and exports reached US$879,400 in 2010.

Net revenue made up 80.85 billion soums, while prime cost reached 81.4 billion soums in 2010. The expenses hit 12.29 billion soums.

According to business plan, the enterprise is planning to produce goods for 118.911 billion soums, including 3,080 tractors and 2,600 trailers in 2011.

The company is planning to sell products for 134.6 billion soums in 2011 and receive net income for 1 billion soums. The forecast volume of exports makes up US$3.366 million.

TTZ specializes on production of cotton harvesters and universal cultivating tractors. Currently, the plant produces three tractor models of 10 modifications and 4 trailers.

The project capacity of the enterprise is 12,000 tractors and over 13,000 trailers. TTZ supplies its products to internal and external markets.

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