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PJSEB «Trastbank» allocates $9 million of loan funds to JV «Sirdarya Ceramic Production» - «UzReport»

Update date: 2 June 2017, 11:41
PJSEB «Trastbank» allocates $9 million of loan funds to JV «Sirdarya Ceramic Production» -  «UzReport»
17 Jul 2015
Reforming the banking system is one of the most important factors of economic development in our country. Among the main challenges, the banks are facing - intensification of activities on improving the level of capitalization, participation in the investment processes and lending to projects aimed at supporting small businesses and the saturation of the domestic market with import substituting goods, creation of new jobs. With regard to all above mentioned, Private Joint Stock exchange bank "Trastbank" allocated to Uzbek-Chinese JV "Sirdarya Ceramic Production" loan funds for the construction of a second plant for the production of building ceramics.

- At present, our company is included in the structure of the free industrial zone "Jizzakh", the construction of a plant for the production of building ceramics in the Syrdarya region has started. The total project cost exceeds $ 24 million, of which $ 15 million - direct investments - said Head of Sales of JV "Sirdarya Ceramic Production" Syu Chen Chen.

For the implementation of this investment project, "Trastbank" has been allocated loan in the amount $ 9 million.

- We are planning to complete the construction works before the end of this year, as well as install equipment and start production in early 2016. As a result, more than 200 new jobs will be created- said Syu Chen Chen. 
Source: «UzReport» / Views: 3433
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