One of the leading enterprises of chemical industry of Uzbekistan Maxam-Chirchiq, JSC to modernize and reequip the production of carbamide.

The company signed a $17 million plus contract with the Russian Research and Design Institute of Carbamide and Organic Synthesis Products, under which the specialists of the institute will design and deliver the technological equipment, as well as conduct installation supervision and commissioning.

Investment project will be funded by investment commitments of the Spanish Maxam Corp. International S.L. in the amount of $14.1 million and by Maxam-Chirchiq in the amount of $6.4 million. After the completion of the project, the annual production of carbamide at the enterprise will grow to 267,300 tons. This will allow the company to annually export 165,000 tons of carbamide. Another project aimed at enhancing the productive capacity of the enterprise is the launch of the production of low-density ammonium nitrate. The Spanish company plans to invest $15.4 million in this project.

Experts estimate that today the Uzbek chemical industry is one of the fastest growing industries, which is actively developing export markets by expanding the range and increasing production. Thus, in the first quarter of 2011, the domestic chemical industry enterprises manufactured products worth 295.6 billion soums. The production growth rate amounted to 10.5% over the same period last year. The export of chemical products reached 144% of the forecast. 89.3% of the total volume of deliveries to foreign markets was mineral fertilizers. In general, the country produced more than 291,000 tons of fertilizers, including 235,000 tons of nitrogen, 35,400 tons of phosphorus and 20,400 tons of potash fertilizers.