Chemical industry is an actively developing and promising business of Alliance Capital.
The rich raw material base of the country and the availability of operating chemical industries from the Soviet era facilitated the development of the business. The company faced the task of modernizing existing enterprises and building production with high added value.
The goal is to arrange on the basis of local raw materials the production of import-substituting and competitive goods that are in great demand on the world market.
Alliance Capital, with the initiative of Uzkimyosanoat JSC, has established a joint venture with equity participation on the basis of Navoiyazot JSC (Uzbekistan) with the aim of producing hydroxypropylmethylcellulose (HPMC).
Thus, during the implementation of the project, the production of import-substituting and competitive goods (HPMC), which is in great demand on the world market, has been arranged on the basis of local raw materials. HPMC exports to European and CIS countries are planned, which will significantly compete with Chinese HPMC manufacturers.
The company was established in 2012 on the basis of the Ferghana Chemical Plant of furan compounds. Today OOO “FargonaKimYozavodi” – the largest producer of cotton cellulose Uzbekistan – 80% products are exported to Bulgaria, China, Germany, Serbia, Russia and other CIS countries.
