Shangfeng cement plant fined 4.9 billion UZS for dumping and unfair competition
The Competition Committee found the joint venture guilty of dumping and restricting competition.

Photo: Press service of the khokimiyat of Andijan region
As it was previously reported, the Competition Committee initiated an anti-dumping case against the Shangfeng—Bridge of Friendship cement plant.
During the investigation, the committee uncovered several violations. From March to July, the joint venture sold 122.7 thousand tons of cement through direct contracts, bypassing the exchange trading required by law.
The company also received an unjustified income of 81.1 million sums by selling 2.7 thousand tons of cement at prices higher than the exchange rates. Additionally, the regulator identified instances of unfair competition against other cement suppliers.
A special commission under the regional office of the Committee found Shangfeng—Bridge of Friendship guilty of anti-competitive actions, including dumping and restricting exchange competition. The joint venture was fined 4.9 billion sums.
The plant was also ordered to cease the violations and prevent them from occurring in the future. Furthermore, the documents regarding the direct contract sales of cement have been sent to the Tax Committee for calculating profit tax and VAT.
The agreement to establish cement production in the Bulakbashi district was reached in October 2023. At that time, Chinese partners promised to build two plants that could export products worth $20 million annually and replace $15 million in imports.
The Uzbek-Chinese joint venture Shangfeng—Bridge of Friendship began operations in late April. The plant, valued at approximately $250 million, can produce up to 6,500 tons of cement per day.
Recommended
List of streets and intersections being repaired in Tashkent published
SOCIETY | 19:12 / 16.05.2024
Uzbekistan's flag flies high on Oceania's tallest volcano
SOCIETY | 17:54 / 15.05.2024
New tariffs to be introduced in Tashkent public transport
SOCIETY | 14:55 / 05.05.2023
Onix and Tracker cars withdrawn from sale
BUSINESS | 10:20 / 05.05.2023
Latest news
-
Court revokes license of “Tanzilandia” kindergarten over child abuse allegations
SOCIETY | 12:38
-
Citizen of Uzbekistan dies after suffering heart failure amid earthquake scare in Istanbul
SOCIETY | 11:49
-
Shavkat Mirziyoyev honors Gurbanguly Berdimuhamedov with “Order of Highest Friendship”
POLITICS | 11:32
-
Uzbekistan moves to end uncompetitive public procurement practices
SOCIETY | 11:07
Related News

14:40 / 23.04.2025
Tender deadline for Tashkent–Andijan toll road extended to May 21

17:25 / 21.04.2025
Elyorbek Karimov named mayor of Andijan city following leadership shakeup

11:56 / 18.04.2025
Chinese investor plans to inject $250 million into new Babur city project in Andijan

14:16 / 17.04.2025