Indorama invests in new projects in Uzbekistan

Indorama, a company with 15 years of experience in Uzbekistan, intends to expand its presence in the country by launching new projects in the textile, chemical, agricultural, and mineral resource development sectors. This was announced by Deputy Prime Minister of Uzbekistan Jamshid Khodjaev on his LinkedIn page, noting that the company's total investment in the country's economy has already exceeded $1 billion.

Khodjaev emphasized that over the years of its work in Uzbekistan, Indorama has transformed itself from a major investor into a long-term industrial partner, whose activities span the textile, chemical, and agricultural sectors.

During a meeting with Parakash Kejriwal, Chairman of the Supervisory Board of Indorama Corporation, prospects for further cooperation and the development of new initiatives were discussed. High-value-added product processing, fertilizer production, agricultural processing, and mineral resource development were highlighted as key areas.

In particular, the construction of a new textile complex in the Kashkadarya region is planned. The possibility of developing a raw material base for fertilizer production and creating an integrated complex for processing agricultural products is also being considered.

The development of ilmenite deposits in Karakalpakstan will be another strategic focus.

Khojaev emphasized that the expansion of major investors' activities should not only lead to increased investment volumes. He stated that equally important results should include increased localization of production, the development of new production chains, the introduction of advanced technologies, job creation, and increased output of high-value-added products.

The Deputy Prime Minister stated that this approach will form the basis of the next stage of the long-term partnership between Uzbekistan and Indorama.