On October 16 of the current year in Tashkent city, branch of KNAUF Company (Germany) in Uzbekistan and Technopark LLC signed a deal on purchase of complex "Production of basalt insulation materials" on the territory of Technopark.
This deal was realized within the framework of the Agreement on mutual cooperation signed at the business forum Germany-Uzbekistan, held during the official visit of the President of the Republic of Uzbekistan to Germany in May 2023.
The complex, opened in late 2022 in Tashkent, produces a wide range of low-carbon insulation materials from stone mineral wool for modern energy-efficient construction.
The appraisal of the complex was conducted by PricewaterhouseCoopers and DRT LLC (formerly Deloitte Touche).
"This deal marks a significant expansion of our insulation materials business into a new region. Central Asia, with its rapidly growing construction market and increasing focus on energy efficiency, requires best-in-class materials for sustainable, comfortable and energy-efficient buildings. By leveraging KNAUF's global expertise in mineral wool insulation, our customers in Central Asia can now benefit from a broader range of solutions, strengthening KNAUF's leading presence in the region and offering a full range of products to meet their diverse needs, contributing to the construction of superior buildings,” said Alexander Knauf, speaker of the general partners of the KNAUF Group.
This cooperation covers a production line equipped with advanced electric fusion technology, which ensures low carbon (CO2) emissions during the production process.
For reference: KNAUF Group is an international family-owned company headquartered in Iphofen, Franconia, Germany. The construction materials manufacturer has more than 300 production sites and sales offices in more than 90 countries on all continents and is one of the world's leading manufacturers of gypsum-based construction materials and systems, energy-efficient insulation and insulating materials as well as system solutions in the ceiling sector. Founded in 1932, the KNAUF Group has reached sales of 15.6 billion EUR in 2023 and employs more than 42500 people.
