Uzbekistan’s Ferghana Region concluded 29 trade and investment agreements worth $1.37bn in energy, engineering and other fields with Chinese companies during a recent visit paid to China by a delegation led by the region's mayor Khairullo Bazarov.
Agreements were inked with China Power International, CAMC Engineering, Shaanxi Xiangsheng Industrial Group and China Huadian Engineering. These companies are to launch four photovoltaic power plants worth $1bn in Ferghana.
In Furkat district, DongFeng Special Car Company aims to launch the production of electric buses. A $100mn plant will have the capacity to produce 1,000 buses per year.
The Uzbek delegation also agreed a $30mn deal for the production of electric bus batteries by China's Jiangxi Anchi New Energy Technology.
In addition, seven other industrial projects worth $112mn are to be implemented in copper processing, the production of agricultural machinery and tiles, granite and iron profile production.
In light industry, the parties signed agreements worth $26mn. The largest is for a $10mn furniture factory with a showroom in Tashlak district.
Poultry enterprise White Chicken House, meanwhile, signed a $5mn contract with China Broken Shield to establish meat and offal exports to China.
The IntelliNews PRO service includes access to reports, exclusive market data, and more news that decision-makers care about. Stay ahead of the market with IntelliNews PRO.
Sign Up NowTaiwanese petrochemical producer Grand Pacific Petrochemical Corp (GPPC) and Japanese industrial gas manufacturer Air Water Inc (AWI) have each acquired a 35% stake in Taiwanese specialty gas maker ... more
India's market regulator has barred a Mauritius-registered arm of JPMorgan Chase from the country's capital markets, accusing it of rigging the closing price of the Sensex on options expiry day, it ... more
India's banks are earning more than ever and carrying the fewest bad loans in decades, just as falling interest rates begin to squeeze the margins behind the boom. That combination of peak ... more