Chinese Raising Sun Technology Co. Ltd intends to invest over $200 million in the construction of a modern plant for producing material paints in the Chust district of Namangan region, Uzbekistan. The project is planned to be implemented in three stages within the "Chust" free economic zone. The progress of construction at the site was assessed by the khokim of Namangan region, Shavkatjon Abdurazzakov.
The first stage involves allocating $85 million to the project and creating 500 new jobs. During the construction of the enterprise and the launch of production, adherence to environmental requirements and the use of modern technologies are declared.
It is expected that the new plant will strengthen the industrial potential of the Chust district, increase product output, and expand employment opportunities for the population. The authorities also expect the project to contribute to an increase in local residents' incomes.
