A new modern production of paper will soon be established in Uzbekistan, on the basis of local Namangan kogozi plant. The new venture will be established by a group German businessman, the French branch of the HSBC bank and the Hong Kong China International Selfless Foundation Group (CISFG).
As part of the project, there are plans to produce about 40,000 tonnes of offset and writing paper. The majority of future production of the venture will be supplied to the domestic market, with about 30% to be exported to abroad.
Total value of production of the new plant will be 150 billion of soums annually.
