Uzbek President visits Siyovush Textile
Bukhara, The Gulf Observer: Uzbek President Shavkat Mirziyoyev got acquainted with the activities of the Siyovush Textile company in Kagan district of Bukhara region.
Previously, there was a wasteland on the site where the company now stands. The territory was included in Gijduvon Free Economic Zone to create conditions for entrepreneurs. The necessary infrastructure was brought here, and as a result, conditions for industry appeared.
In particular, the project of Siyovush Textile LLC worth $36 million was completed last month. The company can produce 40 thousand tons of acrylic yarn per year. 600 jobs were created.
- This is a new direction in New Uzbekistan, – Shavkat Mirziyoyev said. – The textile industry in our country is developing dynamically. To add value and generate more revenue, businesses must at least partially master acrylic. Products from it cost 5 times more. This is profit, stability, and jobs. Therefore, the state, which stimulates the processing of cotton, will now also comprehensively help the production of artificial fibers.
The company has completed the project’s first stage and is working with foreign partners to expand its activities. The plans are to fully localize acrylic fiber production and finish its products at the next step. The number of jobs will reach 1.2 thousand.
