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Shavkat Mirziyoyev calls innauguration of Tashkent metallurgical plant a historic event
President Shavkat Mirziyoev addressed the opening ceremony of the Tashkent metallurgical plant.
He called the opening of this complex, which is important for the country`s economy, a historic event.
Construction of the plant began in February 2017. In August 2018, the President reviewed the progress of work at the facility. Despite various difficulties, including those related to the coronavirus pandemic, the construction of this giant enterprise was successfully completed thanks to the knowledge and hard work of thousands of dedicated people.
Shavkat Mirziyoyev expressed gratitude to the designers and builders, foreign partners who contributed to the construction of the plant.
– We pay special attention to the formation of an innovative economy, the creation of the modern industry, a favourable investment climate, and the expansion of partnerships with other countries and leading foreign companies. The commissioning of the Tashkent metallurgical plant, which is unique in all respects, is a clear confirmation of the effectiveness of our efforts in this direction, " the President said.
He focused on the expected economic effect of the new complex. The low level of development of ferrous metallurgy in Uzbekistan has negatively affected the activities of domestic industrial enterprises. The Tashkent metallurgical plant will annually produce 500,000 tons of sheet metal with zinc and polymer coating. This will meet the needs of hundreds of enterprises engaged in the production of building materials and metal structures, household appliances, electrical and food products. Previously, this demand was mainly met by imports.
In the future, the plant`s products will also meet the needs of the domestic automotive industry and agricultural engineering.
At the first stage of the company`s activity, about $400mn will be saved due to the production of import-substituting products. The level of localization will significantly increase.
