In April 2017, JV LLC “Toshkent Metallurgiya Zavodi” was initiated with the participation of the Reconstruction and Development Fund of the Republic of Uzbekistan and foreign investors to implement the investment project “Construction of the Tashkent Metallurgical Plant”. The factory has become one of the largest and most modern industrial enterprises in Uzbekistan.

The main goal was to provide the local market with high quality steel production enabled to compete with steel manufacturers worldwide. In addition, such an import substitution allows local manufacturers in construction industry and other fields to reduce the costs and prices significantly.