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AMMC and european companies signed agreements worth over eur 1.4 billion

03 May 2023, 16:33 2679

During the visit of the President of the Republic of Uzbekistan S.M. Mirziyoyev to the Federal Republic of Germany, a series of negotiations were held between the management of the Almalyk Mining and Metallurgical Combine and representatives of major European companies.

During the meetings, agreements were signed between AMMC and the world's largest bank KFW IPEX on financing a new copper smelter, which has no analogues in the countries of Central Asia.

Agreements were also signed with Falk-Porsche-Technik GmbH for the production of 50,000 tons of copper rod. The agreement provides for the creation of more than 100 additional jobs and the production of export-oriented products worth more than $450 million.

An agreement was signed with Falk-Porsche-Technik GmbH to organize the production of polymer concrete baths for a new copper smelter under construction. The volume of annual production will be more than 24 million dollars.

During the visit, an agreement was reached with the MENZEL company, which produces high-voltage electric motors and generators, to establish a joint venture, a service center and transfer a plant for the production of electric motors. The preliminary cost of the new production is estimated at 15 million euros.

To meet the needs of the new Yoshlik I field under construction in composite and fiberglass products, an agreement was signed with Fiberpipe to organize joint production.

In order to organize continuous work on training and advanced training of personnel, an agreement was signed between AMMC and the European company GP Günter Papenburg AG on the training of technical personnel of the plant in educational institutions of European countries.

During the visit, a joint venture was established with ABM (Anlagenbau und Maschinentechnik GmbH) for the production of machine tools with an annual turnover of 15 million euros.

Another important agreement was reached with the world's largest metallurgical company Aurubis AG for the supply of copper products from AMMC.

It should be noted that due to the policy pursued in the republic aimed at the openness of Uzbekistan to cooperation, during this visit, a package of documents worth more than 1,450.2 million Euros was signed between AMMC and European companies.


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