MOSCOW (MRC) - The Navoiazot enterprise (Uzbekistan, part of Uzkimyosanoat) on 27 August started construction of the second stage of a polyvinyl chloride (PVC) plant, the press service of the President of the Republic of Uzbekistan reported.
The USD400 m project should increase the capacity for the production of suspension polyvinyl chloride from 100 to 220 thousand tons per year and caustic soda - from 75,000 to 165,000 tonnes.
The commissioning of the second stage of the PVC plant is scheduled for 2023. The general contractors of the project are the Turkish Tatarstan Trade House and the Chinese China National Chemical Engineering No.7 Construction.
The implementation of the projects will triple Navoiazot's sales volume - from USD150 m to USD410 m per year.
Earlier it was reported that Navoiazot put into operation a complex for the production of polyvinyl chloride, caustic soda and methanol at the end of 2019.
According to the ICIS-MRC Price Report, demand for PVC remained at a good level in Uzbekistan last week at the domestic auction, at the same time, prices decreased slightlyin the end of the auction. On Tuesday, a futures volume of PVC was drawn at the auction (one lot for 528 tonnes). As a result of weekly trading, 750 tonnes of acetylene PVC were sold against 750 tonnes a week earlier.
The Navoiazot enterprise was launched in 1964 and currently produces about half of all chemical products in the country. The company employs about 9000 engineers, technologists and workers. Two years ago, the enterprise launched a complex with a capacity of 100 thousand tons of polyvinyl chloride, 75 thousand tons of caustic soda and 300 thousand tons of methanol per year. But on the basis of the Navoiazot enterprise, it is planned to create a large integrated chemical-technological cluster on the basis of Navoiazot and the Electrochemical Plant.
MRC