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Uzbekistan: construction starts on soda ash plant

Chinese CITIC International Cooperation Co. Ltd has started construction of the USD 100 million Kungrad Soda Plant (Karakalpakstan) , said Ozkimyosanoat (Uzbek Chemical Industry) state stock company.

Chinese CITIC International Cooperation Co. Ltd has started construction of the USD 100 million Kungrad Soda Plant (Karakalpakstan) , said Ozkimyosanoat (Uzbek Chemical Industry) state stock company. According to the agreement signed between CITIC and Ozkimyosanoat in July 2002, the Chinese will be responsible for the design and installation of equipment at the plant, while the Uzbeks will carry out general construction works. The plant“s annual capacity is 100,000 tonnes of soda ash. Construction is expected to take 26 months. Funding for the project comes in the form of a USD 29.23 million credit from Chinese Industrial And Commercial Bank (ICBC) and funds of Ozsanoatqurilishbank (Uzbek Industrial Construction Bank).

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