Uzbekistan’s Navoi complex to host Ernest Packaging’s $100M aluminium cans production facility

AL Circle

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.

Uzbekistan’s Navoi complex to host Ernest Packaging’s $100M aluminium cans production facility

{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.

Edited By:


This news is also available on our App 'AlCircle News' Android | iOS


Know Aluminium? Publish your content on AL Circle and reach
a global audience.
* By providing your email, you are opting in to receive our bi-monthly Sustainability Newsletter.

Alternate Text
EPIQ Machinery

A world class equipment designer specialized in developing innovative & effective solutions for heavy equipment, vehicles, and material handling systems

Alternate Text
RIA Cast House Engineering

Leading supplier of rail mounted precision Furnace Charging Machines and Furnace Skimming Machines

Alternate Text
Altek

Leading manufacturer of value-added equipment for the aluminum casthouse

Alternate Text
Jagannath Company

Manufacturers & Supplier of Magnesium Metal and Aluminium Foundry Chemicals.

Alternate Text
XIAN HUAN-TAI TECHNOLOGY

Your reliable partner in aluminum casthouse equipment and products

Alternate Text
Fioscope

Fioscope provide air-cooled camera technology for high temperature applications

Related
Business Leads
We need double edge cutting machine for aluminium doors and ...
22-Aug-2024 Buying request

We have requirement of aluminium sliding door. Destination ...
16-Aug-2024 Buying request

We provide aluminium DIY products and looking for buyers of ...
26-Jun-2024 Selling offer

Read this news article and much
more on the AL News app
Get real-time news and business
lead alerts on your phone
SUBSCRIBE NOW
Market

Market

Project

Project

Technology

Technology

Leads

Leads