Uzbekistan glass container manufacturer Asl Ojna plans to implement eight investment projects by 2021 with a total estimated cost of $178 million.
The company will triple the production of glassware from 200 million to 600 million conventional units a year thanks to the construction and commissioning of numbers 3, 4 and 5 glass melting furnaces and a raw materials enrichment plant for glass production worth $130 million.
It has also appointed Farid Safargariev as Acting Director.
The National Bank for Foreign Economic Affairs of Uzbekistan will invest $30 million in the projects. The project will attract loan funds from the Fund for Reconstruction and Development of Uzbekistan for $100 million.
Asl Oyna also intends to build a plant for the production of soft drinks worth $5 million and capacity of 10 million litres of beverages per year until 2019.
The enterprise plans to create facilities for the production of beer and alcoholic beverages. 10 million tons of beer will be sent to the beer factory with a capacity of 10,000 tons and 600,000 decaliters worth $6 million.
It started glass production in 2009.