Chinese Firm to Invest $40 Million in Special Equipment Manufacturing in Fergana City
The Chinese company Shiyan Zhenke Industrial Technology is set to begin production of special equipment in the Fergana region. Governor Khayrullo Bozorov recently met with Zhao Xian, the head of Shiyan Zhenke, to discuss the implementation of this investment project, which is valued at $40 million and will be carried out in two stages.
During the first stage, the company will establish assembly, welding, and painting lines with an initial investment of $20 million. The annual production capacity is expected to reach 500 units. Subsequently, in the second stage, production will be increased to 100 units per month, with an additional investment of $20 million. The entire project is anticipated to be completed within three years. The products manufactured will be marketed in Uzbekistan under a new local brand.
Governor Bozorov has expressed his full support for the Chinese project due to its potential for exports to Central Asian countries, where there is a high demand for such special equipment. Shiyan Zhenke Industrial Technology is also exploring the possibility of locating the production facilities in small industrial zones and the Kokand Free Economic Zone.
This venture signifies a promising collaboration between Chinese and Uzbekistani companies, offering economic growth opportunities for both parties. With the dedication and commitment of all involved, the production of special equipment in the Fergana region is expected to thrive in the coming years.
