Alisher Usmanov intends to help Uzbek metallurgical complex by all means

By  Trend

The founder and co-owner of USM Holdings, well-known Russian businessman of Uzbek origin Alisher Usmanov talked about his plans to invest in projects in Uzbekistan in an interview with the TV channel "Russia 1", Podrobno.uz reported.

Speaking about business projects in Uzbekistan, Usmanov, first of all, noted the Uzbek metallurgical complex.

"I will help only in business. The companies I own, where I am a shareholder, will definitely help cooperation in every way. That's how we do it with the Uzbek metallurgical complex. For us, this is a sales market, and for the complex – excellent quality of raw materials, which gives it the opportunity to produce a competitive metal for supply for the purpose of subsequent use," he said.

Usmanov said the Metalloinvest Management Company LLC (Russia’s biggest iron producer) has already been supplying its products to the Uzbek metallurgical complex for about two or three years.

"We supply a serious volume, up to $100 million a year. We supply hot-briquetted iron," Usmanov said.