Unique Prod­ucts

A mod­ern high-tech pro­duc­tion com­plex is ex­pected to be cre­ated in Navoi re­gion in the com­ing years to man­u­fac­ture gold and sil­ver di­men­sional in­gots.

Uzbekistan Today (English) - - REGIONS -

The new fa­cil­ity will emerge on the ba­sis of Navoi Min­ing and Met­al­lur­gi­cal Com­bine. It will pro­duce in­gots weigh­ing from 5 to 1,000 grams. This will bring sig­nif­i­cant rev­enue to the state, since at re­tail gold will cost much more than the large par­ties that the coun­try now sup­plies abroad.

The Navoi Min­ing and Met­al­lur­gi­cal Com­pany will be able to sell the rem­nants of jew­elry of its own pro­duc­tion in the do­mes­tic mar­ket for the na­tional cur­rency with the tar­geted di­rec­tion of in­com­ing funds from their im­ple­men­ta­tion to fi­nance the project. Also, the pro­ce­dure for ex­port­ing jew­elry from the coun­try will be sub­stan­tially sim­pli­fied. To­day, for­eign­ers can ex­port from the repub­lic gold items, in­tended only for per­sonal use and in lim­ited quan­ti­ties.

It is im­por­tant to un­der­stand that this project will al­low for de­vel­op­ing one of the main world trends – shop­ping tourism. Rep­re­sen­ta­tives of many coun­tries have a pe­cu­liar tra­di­tion – to buy gold items dur­ing travel. For ex­am­ple, tourists from China and In­dia are very in­ter­ested in trav­el­ing to those coun­tries where you can buy gold, and that is a fairly large tourist flow. Uzbek­istan, fa­vor­ably lo­cated at the cross­roads of tourist routes, can be­come a se­ri­ous player in this mar­ket.

In par­al­lel, the jew­elry in­dus­try, still in its in­fancy, will ex­pe­ri­ence new de­vel­op­ment trend. By 2020, Uzbek­istan in­tends to in­crease the an­nual out­put of jew­elry prod­ucts to more than $ 40 mil­lion. In three years, it is planned to in­crease the out­put of sil­ver prod­ucts by 6.2 times – from $ 112 thou­sand in 2018 to $ 760.5 thou­sand in 2020, and from gold – 2.4 times, from $ 16.4 mil­lion to $ 39.6 mil­lion.

A spe­cial em­pha­sis will be placed on pro­mot­ing prod­ucts abroad. In 2020, it is planned to ex­port jew­elry for al­most $ 14 mil­lion.

The main vol­umes will be pro­duced on two flag­ships, which will be put into oper­a­tion in 20182019. These are jew­elry fac­to­ries on the ba­sis of the en­ter­prise Phonon and 1-Zar­gar­lik ko­rkhonasi. For the de­vel­op­ment of the first en­ter­prise, it is pro­jected to part­ner with the renowned South Korean com­pany Jemco, while the lo­cal bank Asaka will help with the sec­ond.

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