Uzbekistan Reports Remarkable Industrial Growth
OREANDA-NEWS. July 07, 2010. The growth in industrial production in the first quarter 2010 rose 7%, reports the State Statistics Committee of the
The increase in the industrial capacity, according to the experts of the Ministry of Economy, is connected with the implementation of 22 large manufacturing entities. Among them are Gazli booster pump station and a dehydration plant with the capacity of 35 million m3 per day at Kungrad compressor station.
The analysis of major economic indicators has shown that among the three leading positions in the Uzbek industrial market were fuel complex with 22.1% in the total volume of industrial output, light industry with 15.9%, engineering and metalworking industry with 13.3%.
The launch of new facilities in oil-and-gas sector is carried out within some important programs – the strategic program for oil and gas exploration in the
Textile industry is also gaining momentum. Thanks to the efforts taken to ensure the further development of the sector and mobilization of foreign investment, textile enterprises raise the production of goods with the high added value. In the first quarter the increase in the production of cotton yarn to the level of the respective period in 2009 reached 48%, knit 75%, fabric 65%, the hosiery industry has faced the 3.2-fold growth.
Over the last two years automotive and metalworking industries entered the number of key participants in the national industrial market. These enterprises manufacture goods with high value added – automobiles, buses and spare parts, tractors, compressors, batteries, TV sets, refrigerators, cables and wires.
The manufacture of automobiles and trucks is experiencing dynamic development. The increase in comparison with the first quarter of 2009 reached 3.6% and 11.1% respectively.
The highest increase was observed in the market of cables and wires (23.3%). The cable and wire factories – the locomotive of the sector – gambled on modernization and technological extension. This will strengthen their competitive advantages since the cable production involves 78.5% of copper, which
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