DUSHANBE, September 6, 2011, Asia-Plus – An industrial park to be established in Tajikistan. An appropriate agreement has been signed between the Tajik Aluminum Company (TALCO) and China National Building Material Group Corporation (CNBM).
According to TALCO, a CNBM delegation, led by Guo Jingbin, Vice-President of CNBM, visited Tajikistan in early September to formulate a package of documents on implementation of agreements reached within the framework of the targeted investment projects: Tajik aluminum smelter’s shift to domestic raw materials and development of TALCO.
TALCO and OJSC Somon Capital have reportedly conducted negotiations with CNBM during one year and half. As a result of activities of a joint working group, a frame agreement between TALCO and CNBM on establishment of the industrial park and a strategic agreement on cooperation between the Ministry of Energy and Industries of Tajikistan and CNBM on investment and construction of cement plant in Khatlon’s Shahritous district have been signed.
The industrial park that will be established din the country will be a complex of correlated productions oriented to development of aluminum sector and other branches of Tajikistan’s industry, the source said.
An industrial park (also known as industrial estate, trading estate) is an area zoned and planned for the purpose of industrial development. Industrial parks are usually located outside the main residential area of a city and normally provided with good transportation access, including road and rail. Industrial parks are usually located close to transport facilities, especially where more than one transport modes coincide: highways, railroads, airports, and ports.
“The investment projects aimed at construction of a cement plant with annual capacity of more than one million tons and a glasswork, production of building materials and development of ore deposits will be implemented within the frameworks of the industrial park,” the source noted.
Established in 1984, China National Building Material Group Corporation or CNBM is a state-owned enterprise administrated by the State-owned Assets Supervision and Administration Commission of the State Council of the People”s Republic of China, engaging in cement, lightweight building materials, glass fiber and fibre-reinforced plastic products and engineering service businesses.
CNBM is currently the largest cement and gypsum board producer in China in terms of production capacity. It is also the largest glass fiber producer in Asia in terms of production capacity. CNBM was listed on the Hong Kong Stock Exchange under IPO on 23 March, 2006. CNBM joined the Hang Seng China Enterprises Index from 10 March, 2008.
