UZBEKISTAN – EBRD
April 1st, 2003
BY KEITH NUTHALLTHE EUROPEAN Bank for Reconstruction and Development and the OPEC Fund are teaming up to lend US$13 million and US$5 million respectively to finance the construction of a knitwear plant in Chirchik, Uzbekistan, to manufacture high-quality knitted cotton garments (underwear, nightgowns and t-shirts) for export. The plant will use locally manufactured cotton yarn and grey fabric.It will be owned by Bursel Tashkent Textile JV, a joint venture 94 per cent owned by Turkey's Bursel Textile Industry and Foreign Trade Inc, with minority shareholdings ...
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