The largest Uzbek glass bottles manufacturer, Asl Oyna will invest $ 178 million to expand its capacity. The company is intending to triple its production capacity from 200 to 600 million units a year through construction of the third, fourth and fifth glass melting furnaces and a raw materials enrichment plant for glass production. $ 130 million worth of process equipment will be purchased to this end, with at least one thousand new jobs to be created.
The general meeting of company shareholders has taken a decision to change the form of ownership from a joint-stock company (JSC) to a limited liability company (LLC) before the implementation of all investment projects.
The projects will be financed through attraction of a $ 100 million soft loan of the Fund for Reconstruction and Development of Uzbekistan, $ 30 million investments by the NBU and other sources.
The remaining funds will be used to set up seven new plants at South Industrial Zone in Sergeli district: for production of soft drinks, beer, liqueurs, fruit and vegetable cans, metal covers and stickers, as well as a plant for enrichment of raw materials for glass production.
Asl Oyna is a leading manufacturer of glass containers in Central Asia. The company’s equipment, from German Heye International GmbH, meets international standards.
The company supplies products to big beer and alcohol factories in Uzbekistan - UzCarlsberg, ToshkentVino, Uzbekistan Champagne, Mehnat, as well as Kazakh, Turkmen, Kyrgyz and Tajik manufacturers.
