Singapore-based Indorama Petrochemical Industry Group plans to invest more than 4.37 billion euros in Uzbekistan to build a capacity of 400,000 tpa polyethylene plant.
The € 874 million investment project in Uzbekistan in 2015 the Government plans to develop domestic Mubarak (Mubarak) as part of gas processing complex. Developed by the company and the state gas company Indorama (Uzbekneftegaz) joint implementation.
National Gas Company (Uzbekneftegaz) will invest 110 million euros, remaining funds will be loans from the Central Asian country's reconstruction and development fund.
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Existing Mubarak (Mubarak) natural gas plant built in 1971, can handle 30 billion cubic meters of natural gas. PE and other plant products, not only in domestic marketable, but also exported to foreign markets.
& NbspIndorama has invested 40 million euros, the establishment of textile and textile manufacturing facilities V Indorama Kokand, this new plant is expected to produce 20,000 tpa by 2013 cotton yarn.
Polyethylene plan constitutes an important part of the project the Government of Uzbekistan to promote the upgrading of its polymer. Uzbek Government last year and South Korea signed a joint venture agreement to build a petrochemical in Uzbekistan and integrated polyolefin plant.
In addition, the Government of Uzbekistan is planning to complete two other international projects including the proposed establishment of two in Navoi region of PE and PP pipe production plant, another project is already under the government of Uzbekistan and South Korea in joint venture projects, namely Nissan auto parts molding cable business needs.
As Pakistan's cotton production is expected to grow substantially, Pakistan will develop new high-yielding cotton varieties for the textile industry to attract more funds to upgrade Pakistan's President Asif Ali Zardari (Asif Ali Zardari) recently called for the 2011 as Pakistan's "Textile years. "
He called that the "textile-year", the Sindh Balochistan Province near the new dam should be free of state-owned land allocated to the local poor women so that they grow cotton.
He said the textile industry of importance to national economic growth. Government in Lahore, Faisalabad and Karachi established fashion cities, marking the government attaches great importance to the textile industry.
In addition, the President said, the textile sector in understanding the importance of national economic development, the Government has announced its first textile policy to help the industry overall growth.
Meanwhile, the government realized that the textile industry is currently in the recovery of the transition period, therefore, restrict the export price of yarn, in order to promote the textile industry.
He said the government move to guarantee that local value-added textile enterprises have sufficient raw materials. He is optimistic that this will help to promote value-added textile value-added textile exports.
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