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NEWS

Uzbekistan intends to reduce cost of production in industrial enterprises

en.trend.az
26 January 2015

The Cabinet of Ministers of Uzbekistan adopted a resolution. According to the resolution, the country's industrial enterprises must reduce the production cost by 10 percent in 2015.  The resolution on "Additional measures of reducing the manufacturing costs and a production cost in the industry" was published in the Uzbek media Jan. 26. These parameters are planned to be achieved by reducing the energy consumption, improving the energy efficiency of production.

The technological processes and the consumption rates of raw material resources, operational and overhead expenses must be rationalized by introducing the information and communication technologies (ICT) and optimizing the number of administrative and industrial personnel.

Moreover, the summary parameters of reducing the manufacturing costs and a production cost in economic associations and large enterprises by an average of 10 percent, as well as by nine percent - by reducing the manufacturing costs are approved in accordance with the resolution.

Uzbekistan's industrial enterprises will have to reduce the production costs by 2.22 percent by saving energy resources, by 0.78 percent by reducing the technological losses, 3.34 percent - optimization of expenditures on raw materials and supplies, 0.31 percent - optimization of the manpower.

It is planned to reduce the cost price by 13.6 percent at the enterprises of Uzbekneftegaz National Holding Company, 13.8 percent - Uzbekenergo State Joint-Stock Company, 7.2 percent - Almalyk Mining and Metallurgical Complex, 6.7 percent - Navoi Mining and Metallurgical Combine and 11.1 percent - at the enterprises of Uzkhimprom (Uzbek Chemical Industry).

It is planned to reduce the cost price by 6.9 percent at the enterprises of Uzavtoprom in accordance with the resolution, 10.4 percent - Uzeltekhprom Association, 10 percent - Uzbeklegprom, 10.3 percent - Association of Food Industry Enterprises, 10.1 percent - Uzbekistan Railways and 10 percent in Uzpharmprom.

The parameters on reducing the cost price of the industrial products are set by Uzbek government every year. It was planned to reduce the cost price of the industrial products by 11 percent in 2012, 11.2 percent in 2013 and 10 percent in 2014.