Uzbekistan supports investments into the composite and energy-saving materials production

Industry 1 May 2020, 04:14 45

Decree of the President “On additional measures to organize the production of fiberglass, fiberglass products, composite materials, energy-efficient thermal devices and modern energy-saving systems” envisages attraction of foreign direct investment and modern nano-technologies in the organization of the production of fiberglass and energy-saving systems.

As noted, currently the joint venture Deutsche Kabel AG Taschkent (Germany) is implementing a project for the production of fiberglass, energy-efficient thermal devices and modern energy-saving systems.

The joint venture will carry out projects (13 thousand tons of fiberglass, 3 thousand tons of fiberglass products, modern energy saving systems with a capacity of 40 thousand kW), attracting foreign direct investment in the amount of 21.4 million euros and modern nano-technologies, also for the effective implementation of these Projects created LLC Falk Porsche Fiberglass.

In accordance with the Decree, Falk Porsche Fiberglass LLC will be provided with a range of tax and customs benefits.