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NEWS

Uzmetkombinat plans to produce 710,400 tonnes of rolled ferrous metals in 2012

2 February 2012

http://uzdaily.com of 2/2/2012 - Uzbek Metallurgy Combine (Uzmetkombinat) open joint stock company plans to produce 710,400 tonnes of rolled ferrous metals in 2012.

The company said that it is planning to produce 177,000 tonnes of milling balls in 2012.

According to the company's plans, this year Uzmetkombinat will export 232,000 tonnes of rolled ferrous metals.

The company said that it will require 983,300 tonnes of metal scarps and import 280,000 tonnes from outside of the company.

The combine plans to produce consumer goods for 32.9 billion soums in 2012.

Uzmetkombinat has been established in line with the resolution of the Cabinet of Ministers of Uzbekistan No. 159 from 24 March 1994 through re-organization of the state enterprise.

The enterprise specializes on processing ferrous metal scraps, production and realization of special iron, as well as other metal products and consumer goods.

Shareholders of Uzmetkombinat are the government (71.91%), labour (10%), National Bank of Uzbekistan for Foreign Economic Activity (3.85%), Avtosaninvestsavdo (3.85%), Navoi mining and metallurgy combine (3.85%), Almalyk mining and metallurgy combine (3.85%) and other individuals (2.69%).