BAKU, Azerbaijan, Nov. 24
By Klavdiya Romakayeva - Trend:
Quartz JSC glass factory in Uzbekistan will build a new line for the production of polished sheet glass, Trend reports referring to the press service of the factory.
Tenge Bank JSCB provided Quartz JSC a loan in the amount of $7 million.
Tenge Bank JSCB is a universal bank that provides financial services to all categories of corporate and retail clients using modern banking technologies. The bank is a 100 percent subsidiary bank of the National Bank of Kazakhstan JSC.
The funds will be used to build a new line for the production of polished flat glass. The capacity of the new line will be 400 tons of products per day.
Quartz JSC, one of the leading enterprises in Central Asia, was created in 1975 to provide glass containers for canning plants in the Central Asian region. The main activity of Quartz JSC is the production of glass jars, bottles, polished glass, colored glass, and glass for the automotive industry, as well as the manufacture of tempered glass.
The glass factory was incorporated in 1995, and in 1996 the production of sheet glass began.
Quartz JSC is a leading manufacturer and monopolist in the domestic market for building glass. The largest shareholder of Quartz JSC is the state represented by the State Assets Management Agency with a share of 94.78 percent.
---
Follow the author on Twitter: @romakayeva
