The Ministry of Investment, Industry, and Trade of Uzbekistan has signed an investment agreement with Ernest Packaging Solutions to build a cutting-edge aluminium beverage can production facility at the Navoi Industrial Development Complex. With an investment of around $100 million, the plant will be able to produce over 1.5 billion aluminium cans annually.
{alcircleadd}About the project
The project is set to generate more than 200 skilled jobs, bolstering the local economy. The facility is expected to be operational by fall 2025. Khurram Teshabaev, Deputy Minister of Investments, Industry, and Trade, emphasised the importance of the project, stating that aluminium beverage packaging production marks a significant technological advancement for Uzbekistan.
"It is planned to export more than 30 per cent of the manufactured products. The implementation of the project will also be another example of cooperation, demonstrating the government's commitment to creating favourable investment conditions through a preferential tax regime and subsidies," said Khurram Teshabaev.
Fully equipped production site
He stressed that the government is not only developing infrastructure but also offering a fully equipped production site that meets all technical specifications for foreign investors. Ernest Packaging Solutions, a leading aluminium can producer in Russia and the Eurasian Economic Union (EAEU) views the localisation of production in Uzbekistan as a strategic initiative.
The Navoi Industrial Development Complex features the Navoi Free Industrial Economic Zone (FIEZ), established in 2008 to attract foreign investment and encourage export-oriented projects. It provides favourable conditions for businesses, including tax exemptions and streamlined customs procedures.
"This investment will significantly strengthen our presence in export markets in the EAEU, Central Asia, and Transcaucasia. It will also free up export volumes produced in Russia, allowing us to focus on satisfying the domestic market," remarked Alexander Isaev, General Director of Ernest Packaging Solutions.
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