Kabel to invest in PET recycling in Uzbekistan
Deutsche Kabel AG Tashkent, a German-Uzbek joint venture and one of the biggest manufacturers and suppliers of cables and wires in Central Asia, is planning to recycle used plastic (PET) bottles in Uzbekistan.
At the initial stage of the project the company expects to invest up to $15m in a system to collect and produce of high-strength tape, fibre, yarn and woven fabrics. The project will create over 200 jobs and improve the ecology of the country.
The annual production capacities of the recycling plant will exceed 25,000 tonnes of plastic bottles. This will allow Uzbekistan to produce products from secondary raw materials valued at $41m, of which $16m will be exported overseas.
At present Uzbekistan imports almost 100% of raw materials required to produce PET bottles, which are estimated at 30,000 tonnes a year, at a value or €31m.
At the initial stage of the project the company expects to invest up to $15m in a system to collect and produce of high-strength tape, fibre, yarn and woven fabrics. The project will create over 200 jobs and improve the ecology of the country.
The annual production capacities of the recycling plant will exceed 25,000 tonnes of plastic bottles. This will allow Uzbekistan to produce products from secondary raw materials valued at $41m, of which $16m will be exported overseas.
At present Uzbekistan imports almost 100% of raw materials required to produce PET bottles, which are estimated at 30,000 tonnes a year, at a value or €31m.