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German-Uzbek JV Beruniytex performs well in Q1

10 Aug '06
1 min read

Joint venture Uzbek textile firm Beruniytex based in Beruniy, Uzbekistan, announced its Q1 results. This spinning plant was provided design, delivery, erection and commissioning by world leading, and German firm - TexProject GmbH. Beruniytex processes approximately 4.700 tons raw cotton per year to 2.270 tons open-end yarn with an average count of Nm 34 (50 tex) and to 1.806 tons ring yarn with an average count of Nm 34 (50 tex). Beruniytex sold 1 billion soums worth textile products in the first half of 2006, media reported Monday, last.

For 2005, the report suggested that over 2.3 billion soums worth textile products were produced in 2005 and about 85 percent of that was exported, this year.

Agency sources said that revenue accrued would be ploughed back for fueling further expansion.

Eyeing exports, Beruniytex would form JVs with overseas partners to launch Rayhon Joint Stock Company, according to Boltaboy Jumaniyozov, head of the firm.

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