Under the financing package, the company plans to replace and modernize its wire-drawing machine used in the production of long steel products such as wire rod. The project also includes the installation of energy-efficient equipment at the pipe external insulation workshop, including a medium-frequency induction heating system used for metal hardening, forging, and shrink-fitting processes.
The project is expected to contribute to the modernization of long steel product manufacturing and support the development of insulated large-diameter pipe production.
Through the implementation of energy-efficiency measures, the facility is expected to reduce its annual natural gas consumption by 22% and achieve electricity savings of up to 35%.
The project is supported by the Japan-EBRD Cooperation Fund and the bank’s Finance and Technology Transfer Centre for Climate Change (FINTECC) program. The investment is considered to be in line with the EBRD’s policies aimed at supporting the transition to a green economy.
To date, the EBRD has invested approximately US$6.9 billion in Uzbekistan through 210 projects. The majority of these investments have been directed toward the private sector, and Uzbekistan has remained the largest recipient of EBRD financing in Central Asia over the past six years.
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