INTERFAX
November 10

Japan's Mitsubishi Corporation and Byrsel Textile of Turkey plan to implement a $47 million textiles plant in Uzbekistan, a source from Uzbeklegprom, the Uzbek light industry association, told Interfax.

Mitsubishi, Byrsel and Uzbeklegprom set up the joint venture Byrsel-Bagat Textiles to build a cotton plant in Khorezm. It will have the capacity to turn out 5,070 tonnes of cotton yarn, 6,000 tonnes of knitted fabric, and 4.21 million bed sheets.

Byrsel will invest $7 million in the joint venture and Japan Bank for International Cooperation will provide a $39 million loan.

The final cost of the project will become clear after a feasibility report is completed.

For Mitsubishi and Byrsel this is the third joint textiles project in Uzbekistan.

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