According to the Decree of the President of the Republic of Uzbekistan dated 04.28.2015 No.PP-2340 “On measures to increase the proportion of the value of private property in the economy” 49.0% of the state shares in the authorized capital of Navoiyazot Joint Stock Company has been put up for auction to strategic foreign investors .
Navoiyazot JSC, the largest enterprise of chemical industry of Uzbekistan, is a leading producer of mineral fertilizers, products of organic synthesis, is located in the city of Navoi, Navoi region which is one of the industrialized regions of the Republic of Uzbekistan.
Navoiyazot JSC was commissioned in 1964 and today composes of about 80 production units, has its own transport and energy supply infrastructure, recreation and social welfare facilities. Annual production capacity of ammonium nitrate exceeds 950 thousand tons. Along with mineral fertilizers the plant produces more than 30 kinds of chemicals for the gold, mining, oil and gas industry, covers the needs of the furniture, aviation and medical industries.
Geography of consumers and suppliers of raw materials is extensive and covers the domestic market, the CIS countries and distant abroad.
Since the year 1991 the plant has mastered production of 14 new products and introduced an integrated quality management system in accordance with international standards.
The strategic goal of Navoiyazot JSC – the growth of its capitalization and profitability through the introduction of innovative technologies, diversifying its activities, the development of production with high added value, building new facilities, for which today investment projects are launched aimed at modernizing the technology and technical re-equipment of production enterprises, which will increase the volume of produced commodity output by more than 2 times, from 265.4 million dollars in 2015 to 617.6 million dollars by 2020.