“TechnoNICOL” will build a plant for the production of building materials in Angren

The Russian TechnoNIKOL intends to build a plant for the production of building materials in Agren, Spot reports, citing the corporation’s press service.

The Russian company notes high growth rates in the construction industry of Uzbekistan. For example, over the past seven years, construction volumes have increased fourfold, which stimulates the development of the building materials market.

A plant for the production of thermal insulation materials is planned to open in 2025 in Angren. The cost of the project is estimated at 1.3 billion rubles ($13.35 million).

“TechnoNIKOL” will begin the active stage of construction next year.

The investment project involves the construction of a plant, a warehouse for storing products, as well as the construction of an asphalt site with an area of 1.5 hectares. The company will produce slabs intended for insulation of foundations, buried structures, floors, facades and roofs.

In addition, “TechnoNIKOL” intends to export its products to the markets of Kyrgyzstan and Tajikistan through new facilities in Uzbekistan.