Sunday, 06 Feb 2011
It is reported that Tajik open joint stock company Faroz and the Chinese company Yu Liang Fu have started the construction of a new USD 21 million plant with an annual capacity of 200,000 tonnes of structural steel products, which will be the country's first plant of this type
Accordingly, Yu Liang Fu intends to invest USD 8.4 million in the construction of the plant mainly in the form of equipment and is to receive 45% of the plant total profit following its commissioning. The rest of the funds ie USD 12.6 million will be invested by Faroz.
At the first phase, the new plant will have a capacity of about 200,000 tonnes of structural steel products per year which is planned to be increased to up to 400,000 tonnes in the future. The plant's products will be delivered to the domestic market as well as exported particularly to Afghanistan.
According to the ministry, initially the plant will use scrap as raw material, later to be replaced by iron ore from the deposit located in Tajikistan's Varzob district.(sourced:steelorbis.com)
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