The state shares in large chemical enterprises will be sold to investors, it follows from the presidential decree of April 3. Privatization of the industry was envisaged in October 2018.
Most of them will be sold through direct negotiations with potential investors with the condition that they make investment and social commitments:
JSC Samarkandkimyo
60.3% of state shares and 39.6% of shares of Uzkimyosanoat at zero redemption value, subject to organization of modern environmentally friendly production of chemical products.
LLC Kungrad Soda Plant
51% share of "Uzkimyosanoat" at market value with the condition of attracting investments to expand production capacity of the enterprise from 200 to 450 thousand tons per year and release new types of products.
JSC Kokand Superphosphate Plant
70.5% of state shares and 25% of shares of Uzkimyosanoat to Indorama company (Singapore) at a redemption value of $4.3 million with investment and social commitments to increase production capacity of superphosphate up to 63,000 tons converted into 100% of useful substance and release of new types of products.
Shares of the JSC Ferganaazot will be sold at competitive auction at market value. 48% of state shares and 2.9% of shares of the JSC Uzkimyosanoat will be put up for sale with the investor making investment commitments to bring ammonia production capacity up to 660,000 tons, urea - up to 600,000 tons, ammonium nitrate - up to 700,000 tons and nitric acid - up to 530,000 tons per year, as well as social obligations.
In addition, 26.1% of the shares Uzkimyosanoat in the authorized capital of the JV Elektrokhimzavod will be put up at public auction at the market price and up to 25% of shares of JSC "Jizzakh plastmassa" will be sold through an IPO.
Also, shares of Uzkimyosanoat in the authorized capital of LLC Dekhkanabad Potash Plant will be sold at competitive bidding at market value.
At the same time, it is possible to conduct direct negotiations if there are potential investors with the condition that they make investment commitments to organize production of granulated potassium chloride, potassium sulfate and other types of potassium salts, complete the construction of a cargo cableway and an external power supply line, as well as social obligations.