The state is selling its stake in the Uzbek-Chinese plant UzXCMG
A 49.07% stake in the UzXCMG plant in Khorezm Region, which produces construction and special equipment, has been put up for auction. The starting price for the state-owned stake is 140.5 billion sum. Buyers will be offered an interest-free installment plan for up to seven years or a 25% discount if paid in full within six months.
The state has put its stake in the Uzbek-Chinese UzXCMG plant up for sale
A 49.07% state stake in the authorized capital of the UzXCMG joint venture in Urgench, Khorezm region, has been put up for electronic auction, according to data from E-auksion.
The enterprise is engaged in the production of machinery for the mining industry and underground work.
The starting price of the state stake is 140.53 billion soums, and the deposit amount for participation in the bidding is 4.22 billion soums, or 3% of the initial cost.
The auction is scheduled for October 19 at 10:00. Applications for participation are accepted until 9:00 on the same day. The bidding will take place with price increases. The auction step is set at 1% of the initial cost — about 1.41 billion soums.
The plant is located on Sanoatchilar Street in Urgench. The total area of the land plot is 5.99 hectares. The area of buildings and structures, according to documents, is 23 thousand sq. m, while the actual area is 24.4 thousand sq. m.
### Terms of Sale
The buyer will acquire the state stake in the authorized capital of the enterprise, taking into account all of its accounts payable and receivable, the announcement says.
Different payment options are provided for investors.
According to the terms of the auction, the down payment is 15% of the purchase price. It must be paid within 30 calendar days. The remaining amount can be paid in interest-free installments within the time limits established by law.
At the same time, additional conditions apply to state assets whose value exceeds 23 thousand base calculating values:
Buyers who make a lump-sum payment of at least 35% of the value of the state asset being sold in installments will also be able to use it as collateral to obtain a loan.
In 2025, UzXCMG improved its financial performance compared to the previous year.
The company's total income increased from 424.1 billion to 502.4 billion soums, and net revenue rose from 416.6 billion to 481.4 billion soums.
While in 2024 the plant posted a net loss of 1.47 billion soums, in 2025 its net profit amounted to 29.95 billion soums.
However, based on the results of the first quarter of 2026, the enterprise recorded a loss again — 1.39 billion soums.
As of April 1, 2026, the enterprise's accounts payable stood at 248.34 billion soums, and accounts receivable — at 154.72 billion soums. The difference between them reached 93.63 billion soums.
The total value of the plant's assets for the first quarter increased to 418.8 billion soums against 301 billion soums at the end of 2025.
According to the enterprise's passport, 159 people work at the plant.
The Uzbek-Chinese joint venture UzXCMG began operations in Urgench in 2014.
Its founders were the company "Uzbekistan Railways" (Uzbekiston Temir Yullari) and the Chinese Xuzhou Construction Machinery Group (XCMG).
The enterprise specializes in the production of hydraulic excavators, construction and special machinery, as well as its maintenance.
The sale of the plant's state stake had been planned since 2023, when it was included in the state asset privatization program.