On the basis of the JSC Farg'onaazot with the South Korean company Winghauzing, the possibilities of implementing a project for the production of polyethylene wallpaper are being discussed.
To date, active negotiations are underway, the South Korean side has already begun to work out a business plan and study the marketing component of product promotion in the domestic market.
"Initially, the Korean side is ready to launch on the basis of Farg'onaazot JSC the annual production of 1,000 tons of polyethylene wallpaper, totaling over 10 million dollars. In the future, this production can be expanded. The possibility of creating a joint venture for this project is now being discussed; specific details will appear in the near future."
At the same time, the successful future of the enterprise is almost guaranteed. Today, the Uzbek market is saturated with wallpaper from Russian, Ukrainian, Chinese, European and South Korean manufacturers.
Transportation from these countries and customs duties have a serious impact on the formation of the final price, so local-made wallpapers that are cheaper and better than their competitors can quickly take a serious share of the domestic market.
The new production is planned to start before the end of 2018.