Chinese Company Plans $120 Million Steel Plant in Uzbekistan

Shandong Aipurui Steel Plate Co. Ltd will invest $120 million in a steel plant in Uzbekistan’s Ferghana region, creating 500 jobs and producing high-quality metal products for domestic and export markets. The project is set to launch in three phases, with the first commencing in October 2025.

China’s Shandong Aipurui Steel Plate Co. Ltd is set to establish a $120 million steel manufacturing facility in the Ferghana region of Uzbekistan, as reported by local authorities. This ambitious project entails the construction of a steel processing plant within the Tarakkiyot industrial zone, located in the Toshlok district.

The investment initiative will unfold in three distinct phases, ultimately generating 500 employment opportunities. The plant aims to produce high-quality processed metal products catering to both the domestic market and international exports. The inaugural phase of operations is anticipated to commence in October of this year.

Khairullo Bozorov, the governor of Ferghana, highlighted the swift progress of the joint project, indicating that discussions have also included plans to bolster the surrounding infrastructure at the production site.

Furthermore, during the previous fall, Kazakhstan’s Qarmet and China’s Xinxing Ductile Iron Pipes Co. collaborated on a separate venture to construct a facility capable of producing up to 200,000 tons annually of high-strength nodular cast iron pipes, valued at $161 million. These products will serve critical roles in enhancing Kazakhstan’s housing and utility infrastructure.

Additionally, Qarmet has secured a $1 billion agreement with China Metallurgical Group Corporation, focusing on long-term collaboration within the mining and metallurgy sectors.

In summary, Shandong Aipurui Steel Plate Co. Ltd’s plan to build a $120 million steel plant in Uzbekistan illustrates significant investment in the region’s industrial capacity. With an expected launch in October and the creation of 500 jobs, this initiative holds promise for boosting both domestic and export markets. Concurrently, other regional projects indicate a growing trend of international collaboration in the mining and metallurgical sectors.

Original Source: gmk.center

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