Chinese firm to invest over $200 million in paint plant in Chust

Chinese company Raising Sun Technology Co. Ltd plans to invest more than $200 million in building a modern paint production plant for materials in Chust district of Uzbekistan's Namangan region. The project is designed to be implemented in three stages.

Namangan regional hokim Shavkatjon Abdurazzakov inspected the progress of construction work on the territory of the Chust free economic zone.

In the first stage, $85 million in investment is to be mastered and 500 new jobs created. Special attention will be paid to environmental requirements and the introduction of modern technologies during construction and organisation of production. The project is expected to increase the industrial potential of Chust district, expand production volumes, create new jobs and raise incomes of the population.