On July 7, President Shavkat Mirziyoyev got acquainted with the presentation on the achieved key indicators and planned projects in the chemical industry.
The Chairman of the Board of the JSC «Uzkimyosanoat» J. Mirzamakhmudov informed about the activity carried out to diversify the industry and develop manufacturing of new products in pursuance of the Presidential Resolution of the Republic of Uzbekistan dated October 25, 2018. It is noted that the industrial production has increased to 1,5 times, and exports – to 2 times over the past 3 years.
Most importantly, the industry, which was previously characterized by chronic unprofitability, ended 2021 with a net profit of 1,6 trillion Uzbek soums.
For six months this year, the company’s enterprises manufactured products worth almost 7 trillion Uzbek soums. The growth in production volumes amounted to 11%. The goods worth $218 million were exported.
By the end of the year, it is set to increase production to 14 trillion Uzbek soums, and export – to $425 million. To this end, in the second half of the year, it is planned to produce 650,000 tons of nitrogen, 70,000 tons of phosphorus and 120,000 tons of potash fertilizers, 80,000 tons of polyvinyl chloride.
The President noted the need for systematic work to improve the efficiency and transformation of enterprises in the industry. It was noted that it is possible to reduce the cost by at least 6% due to energy savings and localization.
The information was also provided about future promising projects. It was noted that $400 million of investments would be disbursed and 9 projects to be launched by the end of the year. It is set to organize the production of methylcellulose, technical gas, liquid mineral fertilizers at «Navoiazot», and foamed polypropylene, organic fertilizers, as well as polymer products at Chirchik Chemical Technopark.
The President emphasized that the new projects should be implemented only with the involvement of private investment. The task was set to form a portfolio of projects worth at least $1 billion in 5 chemical clusters.
The instructions were also given to accelerate the privatization of enterprises of the joint-stock company.