Chinese company will invest $15 million in a building materials workshop in Fergana

Chinese Mycars (Shandong) International Trading intends to invest $15 million in a production project in the Fergana region, Spot reports, citing the press service of the regional khokimiyat.

Khairullo Bozorov, khokim of the region, discussed with representatives of Mycars (Shandong) a large multi-industry project being implemented in Kuvaysay. A preliminary agreement on the implementation of the project was reached during Bozorov’s September visit to China.

At the initial stage, it is planned to produce autoclaved gas blocks and basalt thermal insulation slabs for building facades.

A subsidiary company has already been created in Fergana, which will begin implementing a production project in the coming days.

At the second stage, the assembly of lifting cranes and the production of veterinary drugs will be established. As a result, 300 new jobs will be created.