22 окт. 2011 г.

NBU invests over 10.3bn soums to Nukus Textile LLC.Uzbekistan

Frontiersinsight
National Bank for Foreign Economic Activity of Uzbekistan (NBU) invested over 10.3 billion soums to Nukus Textile LLC.
Nukus Textile LLC was founded by NBU on the base of bankrupt enterprise Katex and handed over to management to NBU Invest Group OJSC.
The bank invested over 10.3 billion to improve solvency of the enterprises. In particular, it spent 8.7 billion soums to repair and purchase equipment and 1.3 billion soums to fulfill turnover funds.
In December 2009, the enterprise resumed production of medical bandages and in October 2010, it launched production of ready-made garments.
The enterprise produced medical bandages and ready-made garments for 768 million soums and exported products for US$258,000. The company has two shops, which realize 20-30 ready-made garments.
Currently, the modernization of equipment is underway and it is planned to launch production of cotton yarn with the capacity of 3,000 tonnes a year. The company signed agreement with Rieter Machine Works Ltd. to supply spinning equipment. It is expected that all equipment will be received in November.
Till the end of 2011, the enterprise is planning to create knitting and dyeing capacities, as well as expand sewing capacities. The company signed agreements for US$2.9 million to supply various equipments.
According to business plant, the annual capacity of cotton yarn production will be 600 tonnes, dyed stockinet – 530 tonnes and ready-made garments – 5 million units.

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