Following the results of participation in the Uzbek-Korean Business Forum and B2B, as well as a number of meetings with Korean companies, the following results were achieved.
With Yuoungone Corporation, the parties touched upon the issues of optimizing overtime hours for employees in production, with a positive solution of which the Korean side is ready to invest $ 50 million in a project for the production of sewing and knitting products in the Tashkent region.
Also, the issue of launching a fabric dyeing plant in Samarkand and organizing a large textile warehouse in Uzbekistan for the sale of polyester and spandex was considered.
POSCO International discussed the issue of regulating yarn export duties and the possible implementation of a joint project for the production of synthetic fabrics.
During negotiations with SL Global, a major manufacturer of home textiles, the parties discussed the issue of relocating the production of bed linen to Uzbekistan.
Within the framework of cooperation between Uztextilprom, KOFOTI and KTTA, a joint work plan will be worked out to deepen bilateral cooperation with the members of the associations.