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Industry News | Time: Jun 23 2017 1:32PM
[2017 China Yarn & Fabric Summit (The 6th Imported Yarn Forum)]Cotton textile industrial status and competitiveness in Uzbekistan
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Wang Yunchuan, Manager of Imp & Exp Departmanet, Litai Textile International CO., LTD., delivers his report Cotton textile industrial status and competitiveness in Uzbekistan.

There are three parts in the report.

The first part is cotton textile industrial status in Uzbekistan. Uzbekistan carries out national planned planting, scaled production and specialized operation. There are around 137 spinners in Uzbekistan with around 2 million spindles in total in Uzbekistan.

The second part is cotton textile industrial competitiveness in Uzbekistan. Uzbekistani domestic enterprises enjoys a 15% discounts of cotton export price when purchasing cotton. Enterprises that invest and construct factories in Uzbekistan enjoy a series of incentive policies.

The third part is LT -Uzbekistan project. The project is in equipment-layout period and may start trial run on June 28, 2017. The investment of 120 thousand spindle project is $100 million in phase I and annual production may reach 22kt. The LT-Uzbekistan project is highly regarded by the governments of Uzbekistan and China.
[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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